Question
Given the following information: Current Assets $300,000; Investments $50,000; Total Assets $1,000,000; Current Liabilities $100,000; Long-Term Debt $400,000; Total Liabilities $500,000. What is the debt
Given the following information: Current Assets $300,000; Investments $50,000; Total Assets $1,000,000; Current Liabilities $100,000; Long-Term Debt $400,000; Total Liabilities $500,000. What is the debt ratio? a) 1 time. b) 2 times. c) 3 times. d) 4 times.
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Managerial Economics In A Global Economy
Authors: Dominick Salvatore
9th Edition
0190848251, 9780190848255
