Limited Hours Workout Centers has total assets of $1,000,000. It has $300,000 in longterm liabilities. The stockholders equity is $300,000. What is Big Fat Slob’s debt ratio? Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s current liabilities? Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s total liabilities?
Limited Hours Workout Centers has total assets of $1,000,000. It has $300,000 in longterm liabilities. The stockholders equity is $300,000. What is Big Fat Slob’s debt ratio? Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s current liabilities? Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s total liabilities?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 20P
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Limited Hours Workout Centers has total assets of $1,000,000. It has $300,000 in longterm liabilities. The
Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s current liabilities?
Limited Hours Workout Centers (see question 24) has total assets of $1,000,000. It has $300,000 in long-term liabilities. The stockholders equity is $300,000. What is the level of Big Fat Slob’s total liabilities?
Expert Solution
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Step 1
a) Debt Ratio = Long term Liabilities / Total Assets
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