Claudia Ltd's statement of financial position is shown below. The above balances include a receivable from Jeremy Ltd for an amount of $100,000 and a payable to Jeremy Ltd for $50,000.A debt contract with ABC Bank signed by Claudia Ltd requires a debt equity ratio of no more than 50%.
Assuming a right to set-off exists with Jeremy Ltd,what is the debt to equity ratio of Claudia Ltd?
A) 13%
B) 40%
C) 45%
D) 50%
E) All of the given answers.
Correct Answer:
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