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%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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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

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