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CarZ Ltd,A Car Manufacturing Company,calculated Its Debt Ratio to Be 2:5

Question 93

Multiple Choice

CarZ Ltd.,a car manufacturing company,calculated its debt ratio to be 2:5.Calculate the total debt for CarZ Ltd.,from the following information: Cash in hand = $120,000
Cash at bank = $180,000
Bills receivable = $200,000
Bills payable = $180,000
Land and building = $250,000
Inventories = $50,000
Machinery = $100,000


A) $360,000
B) $240,000
C) $280,000
D) $300,000
E) $270,000

Correct Answer:

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