Question content area top Part 1 Susan's Clothing Shop, Inc. reports operating income of $466,000 and interest expense of $29,200. The average common stockholders' equity during the year was $46,000. Assets have a balance of $187,000, current liabilties are $37,000 and long - term liabilities are $48,000. What is the debt ratio? (Round your final answer to two decimal places.) A. 0.45 B. 0.4 C. 0.25 D. 0.18
Question content area top Part 1 Susan's Clothing Shop, Inc. reports operating income of $466,000 and interest expense of $29,200. The average common stockholders' equity during the year was $46,000. Assets have a balance of $187,000, current liabilties are $37,000 and long - term liabilities are $48,000. What is the debt ratio? (Round your final answer to two decimal places.) A. 0.45 B. 0.4 C. 0.25 D. 0.18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Question content area top Part 1 Susan's Clothing Shop, Inc. reports operating income of $466,000 and interest expense of $29,200. The average common
A. 0.45
B. 0.4
C. 0.25
D. 0.18
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