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Evaluating Firm Solvency The following financial information is taken from the balance sheets of the Lambeth Company and the Maritza Company: Lambeth Maritza Total debt

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Evaluating Firm Solvency The following financial information is taken from the balance sheets of the Lambeth Company and the Maritza Company: Lambeth Maritza Total debt $380,000 $880,000 Total assets 600,000 1,050,000 Calculate the debt-to-total assets ratio. Round answers to the nearest whole percentage, when appropriate. Lambeth 0 % Martiza 0 %% Which firm has the higher level of solvency

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