Dante's Designs has current assets of $57,000 long-term assets of $139,000 current liabilities of $49,000 long-term liabilities of $93,000. Dante's debt ratio is: (Round your final answer to the nearest whole number.)

Question

Quizplus · Accepted Answer

Dante's total liabilities are $142,000 ($49,000 + $93,000). 
Therefore, the debt ratio is: 
($142,000 / ($57,000 + $139,000)) x 100% = 72% 
(rounded to the nearest whole number)

Dante's Designs Has Current Assets of $57,000 Long-Term Assets of $139,000