Consider this simplified balance sheet for Apex Ventures: Assets Amount Liabilities and Equity Amount Current assets $160 Current liabilities $90 Long-term assets $600 Long-term debt $300 Other liabilities $120 Equity $250 Total assets $760 Total liabilities and equity $760 What is the ratio of total long-term debt to total long-term capital?
Consider this simplified balance sheet for Apex Ventures: Assets Amount Liabilities and Equity Amount Current assets $160 Current liabilities $90 Long-term assets $600 Long-term debt $300 Other liabilities $120 Equity $250 Total assets $760 Total liabilities and equity $760 What is the ratio of total long-term debt to total long-term capital?
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 3bM
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Can you please solve this financial accounting question?
![Consider this simplified balance sheet for Apex Ventures:
Assets
Amount
Liabilities and Equity
Amount
Current assets
$160
Current liabilities
$90
Long-term assets $600
Long-term debt
$300
Other liabilities
$120
Equity
$250
Total assets
$760
Total liabilities and equity $760
What is the ratio of total long-term debt to total long-term capital?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcc594e75-3bee-45a5-b027-3506491980b4%2F2bcd67c4-87f0-498d-b8ff-287d1dad8cd2%2Fl6c8dba_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider this simplified balance sheet for Apex Ventures:
Assets
Amount
Liabilities and Equity
Amount
Current assets
$160
Current liabilities
$90
Long-term assets $600
Long-term debt
$300
Other liabilities
$120
Equity
$250
Total assets
$760
Total liabilities and equity $760
What is the ratio of total long-term debt to total long-term capital?
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