John's Market's total assets are $310,000, current assets $126,000, total liabilities $162,000, and current liabilities $51,000. What is the debt to total assets ratio? (Round your answer to the nearest percentage.)
A) 40.65%
B) 77.78%
C) 52.26%
D) 37.50%

Question

Quizplus · Accepted Answer

The debt to total assets ratio is calculated by dividing total liabilities by total assets. So, $162,000 / $310,000 = 0.5226, which is 52.26% when converted to a percentage.

John's Market's Total Assets Are $310,000, Current Assets $126,000, Total