What is Calloway Companys debt ratio? a. 2.5.78% b. 100.00% c. 74.22% d. 137.78% e. 34.74% GALLOWAY

What is Calloway Company’s debt ratio?

a. 2.5.78%

b. 100.00%

c. 74.22%

d. 137.78%

e. 34.74%

Transcribed Image Text:

GALLOWAY COMPANY Balance Sheet December 31, 2013 Assets Cash..... $ 86,000 Accounts receivable 76,000 Merchandise inventory 122,000 Prepaid insurance 12,000 Long-term investments.. 98,000 Plant assets, net.... 436,000 Total assets $830,000 Liabilities and Equity Current liabilities.... $124,000 Long-term liabilities.... 90,000 Common stock.... 300,000 Retained earnings 316,000 Total liabilities and equity $830,000