McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, ($ 75,000); total liabilities, ($

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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

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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