Question
Soap Trading Pty Ltd has the following statement of financial position figures. Calculate the debt ratio. Current assets $300,000; Current liabilities $200,000; Non-current assets $800,000;
Soap Trading Pty Ltd has the following statement of financial position figures. Calculate the debt ratio. Current assets $300,000; Current liabilities $200,000; Non-current assets $800,000; Non-current liabilities $350,000.
A)43.75%
B) 66.67%
C) 31.82%
D) 50%
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Financial And Management Accounting An Introduction
Authors: Pauline Weetman
8th Edition
1292244410, 978-1292244419
