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Given the following, calculate the Debt Ratio (Debt to total assets). Total Asset Turnover = 1.0 Sales = $800,000 Total Equity = $400,000 Long-term Debt
Given the following, calculate the Debt Ratio (Debt to total assets).
Total Asset Turnover = 1.0
Sales = $800,000
Total Equity = $400,000
Long-term Debt = $200,000
Current Assets = $150,000
Current Ratio = 3.0
Total Asset Turnover = 1.0
Sales = $800,000
Total Equity = $400,000
Long-term Debt = $200,000
Current Assets = $150,000
Current Ratio = 3.0
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Contemporary Auditing
Authors: Knapp, Rittenberg
1st Edition
1133731244, 978-1133731245
