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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not give solution in image format thanku

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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