A new company has a debt-to-worth ratio of 2.0. What does this mean?
A) The company has $2.00 in assets for every $1.00 of liabilities
B) The company has $2.00 in sales for every $1.00 of liabilities
C) The company has $2.00 in liabilities for every $1.00 of assets
D) The company has $2.00 in liabilities for every $1.00 of sales
Correct Answer:
Verified
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