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QUESTION
The Smathers Company has a long-term debt ratio (i., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio of 1.
The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio of 1.37. Current liabilities are $2,445, sales are $10,615, profit margin is 9 percent, and ROE is 14 percent.
