Homework Answers
Correct answer------------65.8%
Working
| Assets= | Liabilities+ | Equity | |
| Beginning balances | $ 272,000.00 | $ 187,000.00 | $ 85,000.00 |
| Net income (117000-88000) | $ 29,000.00 | ||
| Dividend | $ (17,000.00) | ||
| Other Changes during year | $ 12,000.00 | ||
| Ending balances | $ 284,000.00 | $ 187,000.00 | $ 97,000.00 |
.
| Debt Ratio | |||||
| Numerator | / | Denominator | = | Debt Ratio | |
| Total Liabilities | / | Total assets | Debt Ratio | ||
| $ 187,000.00 | / | $ 284,000.00 | 65.8% | ||
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