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TB MC Qu. 02-145 Jennings Co. has total assets of... Jennings Co. has total assets of $435.0 million. Its total liabilities are $115.5 million. Its

TB MC Qu. 02-145 Jennings Co. has total assets of...

Jennings Co. has total assets of $435.0 million. Its total liabilities are $115.5 million. Its equity is $320 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)

Multiple Choice

  • 37.4%.

  • 13.8%.

  • 36.2%.

  • 26.6%.

  • 15.3%.

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