Question
Selected information from the statement of financial position (balance sheet) of Love the Barks, a small pet supply store, (dollar amounts are in thousands) is
Selected information from the statement of financial position (balance sheet) of Love the Barks, a small pet supply store, (dollar amounts are in thousands) is below.
Cash 65
Account receivable 125
Inventory 195
Total assets 850
Current liabilities 200
Noncurrent liabilities 325
What is the debt ratio?
23.52%
38.24%
61.76%
76.47%
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