Answered: Titanic Freight Co. has total…

Titanic Freight Co. has total liabilities of $1,200,000 and total assets amounting to $2,750,000 as of year-end. What is Titanic Freight's Debt to Assets Ratio? a. 0.35 b. 0.44 c. 0.52 d. 0.60

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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Question

Please provide the accurate answer to this general accounting problem using appropriate methods.

Titanic Freight Co. has total liabilities of $1,200,000 and total
assets amounting to $2,750,000 as of year-end.
What is Titanic Freight's Debt to Assets Ratio?
a. 0.35
b. 0.44
c. 0.52
d. 0.60

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