A firm has current liabilities of $200,000, long term debt of $500,000, and equity of $1,200,000. Its debt ratio is_____.
A) 0.37
B) 0.24
C) 0.42
D) 0.64
Correct Answer:
Verified
Q59: Average inventory is $25,000, sales is $250,000,
Q127: If a firm increases its leverage, which
Q128: If a firm has an ROA of
Q130: If the current ratio is below one
Q131: Because the statement of cash flows derives
Q133: The quick ratio is the same as
Q134: Which of the following is not affected
Q135: Henderson Inc. is forecasting sales of $24,000.
Q136: _ ratios measure the ability to meet
Q137: Both accounting and finance are concerned primarily
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents