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In the past year, Blossom Corporation reported assets of $230229000. Liabilities reported on the balance sheet on the same date were reported at $69091655. Blossom
In the past year, Blossom Corporation reported assets of $230229000. Liabilities reported on the balance sheet on the same date were reported at $69091655. Blossom issued a new note payable for cash during the year. The 8%,5-year note was issued at a face value of $5008000. What is the company's debt to asset ratio after the refinance? 29.37%31.50%32.18%30.01%
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