Question
The following information was drawn from the accounting records of Woo Company. Current assets $ 80,000 Long-term assets 705,000 Current liabilities 55,000 Long-term liabilities 320,000
The following information was drawn from the accounting records of Woo Company.
| Current assets | $ 80,000 |
|---|---|
| Long-term assets | 705,000 |
| Current liabilities | 55,000 |
| Long-term liabilities | 320,000 |
| Stockholders' Equity | 410,000 |
| Net Income | 75,000 |
Based on this information, the company's debt to assets ratio is
Note: Round your answer to the nearest whole percentage.
Multiple Choice
48%.
36%.
78%.
67%.
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Advanced Accounting
Authors: Debra C. Jeter, Paul Chaney
2nd Edition
0471218529, 978-0471218524
