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Parker Products has total debt of $774,000 and total assets of $1,360,000. Conway Corporation has total assets of $1.540,000 and a debt to assets
Parker Products has total debt of $774,000 and total assets of $1,360,000. Conway Corporation has total assets of $1.540,000 and a debt to assets ratio of 51%. Given these figures, which of the following statements is accurate? Conway has fewer dollars of debt and is at lower risk of defaulting on its maturing obligations. Parker has fewer dollars of debt but is at greater risk of defaulting on its maturing obligations. Conway has fewer dollars of debt but is at greater risk of defaulting on its maturing obligations. Parker has fewer dollars of debt and is at lower risk of defaulting on its maturing obligations. Save for Later Submit Answer
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