Kinsella Corporation's 'statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total long-term debt to total equity ratio? a. 0.25 b. 0.375 c. 0.125 d. 0.75
Kinsella Corporation's 'statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total long-term debt to total equity ratio? a. 0.25 b. 0.375 c. 0.125 d. 0.75
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Kinsella
Corporation's statement of financial
position showed the following amounts:
current liabilities, $75,000; total liabilities,
$100,000; total assets, $200,000. What is
the total long-term debt to total equity
ratio?
a. 0.25
b. 0.375
c. 0.125
d. 0.75](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F567e3a3e-d0fb-49e0-903a-334d72aa92be%2Ffad31c67-28d7-4cd1-9704-976d071fddeb%2F2djaohl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Kinsella
Corporation's statement of financial
position showed the following amounts:
current liabilities, $75,000; total liabilities,
$100,000; total assets, $200,000. What is
the total long-term debt to total equity
ratio?
a. 0.25
b. 0.375
c. 0.125
d. 0.75
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