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 $320,000 $820,000 Total assets 510,000 960,000 Calculate the debt-to-total assets ratio. Round answers to the nearest whole percentage, when appropriate. Lambeth 1% Martiza 0 % Which firm has the higher level of solvency?

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