Wilson's Realty has total assets of $46,800,net fixed assets of $37,400,current liabilities of $6,100,and long-term liabilities of $24,600.What is the total debt ratio?
A)0.41
B)0.60
C)0.66
D)0.78
E)0.86

Name: Wilson's Realty has total assets of $46,800,net fixed assets of $37,400,current liabilities of $6,100,and long-term liabilities of $24,600.What is the total debt ratio? A)0.41 B)0.60 C)0.66 D)0.78 E)0.86
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

Total debt ratio = ($6,100 + $24,600)/$46,800 = 0.66

Wilson's Realty Has Total Assets of $46,800,net Fixed Assets of $37,400,current