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The following alphabetized list of adjusted account balances at September 30, 2014 is available for Holden Corp. Accounts Payable.... $3,500 Accounts Receivable 3,000 Cash
The following alphabetized list of adjusted account balances at September 30, 2014 is available for Holden Corp. Accounts Payable.... $3,500 Accounts Receivable 3,000 Cash 14,800 Dividends 9,200 Equipment. 10,600 Operating Expenses... 5,400 Revenues 5,000 Salaries Payable. 1,600 Share Capital 20,400 Short-Term Notes Payable 1,700 Unearned Rent Unearned Revenue. 6,000 4,800 a) Calculate the debt ratio for Holden Corp. Round your final answer to 2 decimal places. Debt ratio = % b) In comparison to an industry average of 52% does Holden Corp.'s debt ratio compare favorably or unfavorably? How it compares = (select one)
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