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This Is Builders Ltd's Balance Sheet at Year-End The Debt Ratio Is:
A)52%
B)73%
C)86%
D)46

Question 40

Multiple Choice

This is Builders Ltd's balance sheet at year-end.  Current assets $410000 Long-term assets 345000 Current liabilities 250000 Long-term liabilities 100000 Share cap ital 200000 Retained earnings 205000\begin{array} { l r } \text { Current assets } & \$ 410000 \\\text { Long-term assets } & 345000 \\\text { Current liabilities } & 250000 \\\text { Long-term liabilities } & 100000 \\\text { Share cap ital } & 200000 \\\text { Retained earnings } & 205000\end{array} The debt ratio is:


A) 52%
B) 73%
C) 86%
D) 46%

Correct Answer:

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