McLaughlin Corporations balance sheet showed the following amounts: Current Liabilities, $75,000; Total Liabilities, $100,000; Total Assets, $200,000.

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McLaughlin Corporation’s balance sheet showed the following amounts:

Current Liabilities, $75,000; Total Liabilities, $100,000; Total Assets, $200,000.

What is the debt to total assets ratio?

a. 2

b. 1

c. 0.875

d. 0.5

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Cornerstones Of Financial Accounting Current Trends Update

ISBN: 9781111527952

1st Edition

Authors: Jay Rich , Jeff Jones, Maryanne Mowen , Don Hansen

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Question Posted: Sep 19, 2024 04:01 AM

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McLaughlin Corporations balance sheet showed the following amounts: Current Liabilities, $75,000; Total Liabilities, $100,000; Total Assets, $200,000.

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Cornerstones Of Financial Accounting Current Trends Update

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