Ans: Debt ratio= Total liabilities/ total assets
Total Assets= $457,000
Total liabilities= current liabilities+ non current liabilities
= $50,000+$160,000
=$210,000
Required ratio = $210,000/$457,000
= 0.46
Jarman Company had current and noncurrent liabilities of $50,000 and $160,000, respectively The company's current assets...
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