Happiness Catering has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio.
A) 28.5%.
B) 26.0%.
C) 58.8%.
D) 38.5%.
E) 35.1%.

Question

Quizplus · Accepted Answer

The Answer of Happiness Catering has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio.
A) 28.5%.
B) 26.0%.
C) 58.8%.
D) 38.5%.
E) 35.1%.

Happiness Catering Has Total Assets of $385 Million