Bon Company has total assets of $1,000,000, liabilities of $400,000, and equity of $600,000. What is its
Question:
Bon Company has total assets of $1,000,000, liabilities of $400,000, and equity of $600,000. What is its debt ratio?
a. 250%
b. 167%
c. 67%
d. 150%
e. 40%
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