Jennings Co. has total assets of $425 million. Its total liabilities are $110.5 million. Its equity...
Jennings Co. has total assets of $425 million. Its total liabilities are $110.5 million. Its equity is $314.5 million. Calculate the debt ratio. Multiple Choice 14%. 34%. 13%. 38%. 26%.
Homework Answers
Ans 26%
Debt Ratio = Total Liabilities / Total Assets *100
= 110.5 / 425 * 100
= 26%
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