A company's total assets are $500,000 and itsdebt ratio is 0.4. What is the amount of thecompany's total liabilities?a) $200,000b) $300,000c) $400,000d) $250,000

The debt ratio is the financial formula that compares the total debts or liabilities of the company…

Answered: A company's total assets are $500,000…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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A company's total assets are $500,000 and its debt ratio is 0.4. What is the amount of the company's total liabilities? a) $200,000 b) $300,000 c) $400,000 d) $250,000