McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, ($ 75,000); total liabilities, ($
Question:
McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, \(\$ 75,000\); total liabilities, \(\$ 100,000\); total assets, \(\$ 200,000\). What is the total debt to total assets ratio?
a. 0.50
b. 0.875
c. 1
d. 2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
Question Posted: