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

What is Galloway Company’s equity ratio?

a. 2.5.78%

b. 100.00%

c. 34.74%

d. 74.22%

e. 137.78%

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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