Question
Kip Dynamite Incorporated has a debt ratio of 0.80, noncurrent liabilities of $35,000, total assets of $70,000, and current assets of $33,000. Calculate Kip's total
Kip Dynamite Incorporated has a debt ratio of 0.80, noncurrent liabilities of $35,000, total assets of $70,000, and current assets of $33,000. Calculate Kip's total current liabilities.
Select one:
a. $23,000
b. $26,400
c. $43,750
d. $2,000
e. $56,000
f. Not enough data to solve
g. $21,000
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
