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QUESTION
Casey Cordell is the owner of a digital photography service in Madison, Wisconsin. The company has been profitable every year of its existence. Its debt ratio is currently 68 percent, its current
Casey Cordell is the owner of a digital photography service in Madison, Wisconsin.
The company has been profitable every year of its existence. Its debt ratio is currently
68 percent, its current ratio is 1:1, and its debt-to-equity ratio is 72.2 percent. Do these
financial numbers cause any reason to be concerned? Why or why not?
