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Following are the Balance Sheet accounts for Year 1 of ABC Company: Accounts Payable Accounts Receivable Bond Payable Cash Equipment Inventory Wages Payable $10,000 12,000
Following are the Balance Sheet accounts for Year 1 of ABC Company: Accounts Payable Accounts Receivable Bond Payable Cash Equipment Inventory Wages Payable $10,000 12,000 50,000 8,000 80,000 14,000 5,000 Calculate ABC's Debt-to-assets ratio. Round your answer to the nearest whole percentage. Your answer may fall within one of the following ranges
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