Homework Answers
Answers:
Option = A
Debt Ratio = Total Liabilities / Total Assets
Total liabilities = Long - term debt + current liabilities = $160,700 + $41,600 = $202,300
Total Assets = Long - term Assets + current assets = $261,700 + $52,100 = $313,800
Debt Ratio = $202,300 / $313,800 = 64.47%
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