Mitchell Florists had the following total assets, liabilities, and equity as of December 31. What is Mitchell's debt ratio as of December 31?
A)30%
B)70%
C)100%
D)43%

Question

Mitchell Florists had the following total assets, liabilities, and equity as of December 31.  What is Mitchell's debt ratio as of December 31?
A)30% 
B)70% 
C)100% 
D)43%

Quizplus · Accepted Answer

The Answer of Mitchell Florists had the following total assets, liabilities, and equity as of December 31.  What is Mitchell's debt ratio as of December 31?
A)30% 
B)70% 
C)100% 
D)43%

Mitchell Florists Had the Following Total Assets, Liabilities, and Equity