Amy's Antiques decides to retire a large piece of equipment with a net book value $8,071. Prior to the retirement, Amy's Antiques had total liabilities of $100,000 a total assets of $120,000. What is Amy's Debt to Assets ratio after the retirement Round your final answer to two decimal places. 89.34
Amy's Antiques decides to retire a large piece of equipment with a net book value $8,071. Prior to the retirement, Amy's Antiques had total liabilities of $100,000 a total assets of $120,000. What is Amy's Debt to Assets ratio after the retirement Round your final answer to two decimal places. 89.34
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Amy's Antiques decides to retire a large piece of equipment with a net book value of
$8,071. Prior to the retirement, Amy's Antiques had total liabilities of $100,000 and
total assets of $120,000. What is Amy's Debt to Assets ratio after the retirement?
Round your final answer to two decimal places.
89.34
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