Denbo's,Inc.has total equity of $389,600,long-term debt of $116,400,net working capital of $1,600,and total assets of $627,600.What is the total debt ratio?
A)0.19
B)0.38
C)0.67
D)1.49
E)3.85

Name: Denbo's,Inc.has total equity of $389,600,long-term debt of $116,400,net working capital of $1,600,and total assets of $627,600.What is the total debt ratio? A)0.19 B)0.38 C)0.67 D)1.49 E)3.85
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Quizplus · Accepted Answer

Total debt ratio = ($627,600 - $389,600)/$627,600 = 0.38