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
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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?
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