Bob's Burgers has total assets of $425 million.Its total liabilities are $100 million.Its equity is $285 million.Calculate the debt ratio.
A)35.1%
B)23.5%
C)38.5%
D)28.5%
E)58.8%

Question

Quizplus · Accepted Answer

The Answer of Bob's Burgers has total assets of $425 million.Its total liabilities are $100 million.Its equity is $285 million.Calculate the debt ratio.
A)35.1%
B)23.5%
C)38.5%
D)28.5%
E)58.8%

Bob's Burgers Has Total Assets of $425 Million