At the end of the current year, Leer Company reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio on the last year-end was:
A) $400,000.
B) 66.67%.
C) 33.3%.
D) 75.0%.
E) 300%.

Question

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The Answer of At the end of the current year, Leer Company reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio on the last year-end was:
A) $400,000.
B) 66.67%.
C) 33.3%.
D) 75.0%.
E) 300%.

At the End of the Current Year, Leer Company Reported