Question
Candy Cane Inc., has the following information. Total current assets $2,350, Net fixed assets $4,600, Other assets 500, inventory of $500, Total liabilities $3,900, and
Candy Cane Inc., has the following information.
Total current assets $2,350, Net fixed assets $4,600, Other assets 500, inventory of $500, Total liabilities $3,900, and total equity of $$3,550.
What is the company's debt ratio?
52.35%
49.62%
48.45%
42.68%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Theory And Practice
Authors: Prasanna Chandra
9th Edition
9339222571, 978-9339222574
