Suppose that a business has $100 million in long-term assets and $50 million in current assets. The business's liabilities are: current liabilities = $30 million and long-term liabilities = $80 million. Calculate the equity ratio and comment on the business's performance on the basis of this ratio.

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The Answer of Suppose that a business has $100 million in long-term assets and $50 million in current assets. The business's liabilities are: current liabilities = $30 million and long-term liabilities = $80 million. Calculate the equity ratio and comment on the business's performance on the basis of this ratio.

Suppose That a Business Has $100 Million in Long-Term Assets