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Using the following financial information, this firm's total debt to total capital ratio is closest to: Cash $ 10,000 Accounts payable $ 30,000 Accounts receivables
Using the following financial information, this firm's total debt to total capital ratio is closest to:
Cash | $ 10,000 | Accounts payable | $ 30,000 |
Accounts receivables | 50,000 | Notes payable | 20,000 |
Inventories | 150,000 | Total current liabilities | $ 50,000 |
Total current assets | $210,000 | Long-term debt | 50,000 |
Net fixed assets | 90,000 | Common equity | 200,000 |
Total assets | $300,000 | Total liabilities & equity | $300,000 |
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