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Jennings Company has total assets of $459 million. Its total liabilities are $127.5 million. Its equity is $331.5 million. Calculate the debt ratio. (Round your answer to 1 decimal place.) Multiple Choice O 35.7% 14.4% 38.5% 278% M61%

Jennings Company has total assets of $459 million. Its total liabilities are $127.5 million. Its equity is $331.5 million. Calculate the debt ratio. (Round your answer to 1 decimal place.) Multiple Choice O 35.7% 14.4% 38.5% 278% M61%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Jennings Company has total assets of $459 million. Its total liabilities are $127.5 million. Its equity is $331.5 million. Calculate the debt ratio. (Round your answer to 1 decimal place.) Multiple Choice O 351% 14.4% 38.5% 27.8% 16.1% D
Transcribed Image Text:Jennings Company has total assets of $459 million. Its total liabilities are $127.5 million. Its equity is $331.5 million. Calculate the debt ratio. (Round your answer to 1 decimal place.) Multiple Choice O 351% 14.4% 38.5% 27.8% 16.1% D
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