Question
at the end of the current year, James Co. reported total liabilities of $314,000 and total equity of $114,000. The company’s debt ratio was:

At the end of the current year, James Co. reported total liabilities of $314,000 and total equity of $114,000. The companys
0 0
Add a comment Improve this question Transcribed image text
Answer #1
Answer
The option C is Correct : 73.40%
Explantaion .
Total asset =total liabilities+equity
$314,000 + $ 114,000
$428,000
debt ratio= total liabilities/total asset
$ 314,000 / $ 428,000
                = .73.40 or 73.40%
correct option is "C"

Please like

Add a comment
Know the answer?
Add Answer to:
at the end of the current year, James Co. reported total liabilities of $314,000 and total...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT