Bonaventure Company has total assets of $1,000,000, liabili ties of $400,000, and equity of $600,000. What is
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Bonaventure Company has total assets of $1,000,000, liabili¬ ties of $400,000, and equity of $600,000. What is its debt ratio (rounded to a whole percent)?
a. 250%
b. 167%
c. 67%
d. 150%
e. 40%
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Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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