Question
Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets $450,000 Total Liabilities 135,000 Total Equity 315,000 What
Durable Plastics Company had the following total assets, liabilities, and equity as of December 31.
| Total Assets | $450,000 |
| Total Liabilities | 135,000 |
| Total Equity | 315,000 |
What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
