Rosewood Company had current assets of $612, current liabilities of $393, total assets of $722.and long-term liabilities of $200.What is Rosewood's debt ratio? (Round your final answer to two decimal places.)1.560.54O0.820.28

Debt ratio: It implies to the ability of the business in repaying its liabilities or debt…

Answered: Rosewood Company had current assets of…

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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Rosewood Company had current assets of $612, current liabilities of $393, total assets of $722, and long-term liabilities of $200. What is Rosewood's debt ratio? (Round your final answer to two decimal places.) O 1.56 0.54 O0.82 0.28