Problem

Use the following information for Questions 9–10. Porter Co. reported the followi...

Use the following information for Questions 9–10.

Porter Co. reported the following on its December 31, 2013, balance sheet:

The debt ratio for Porter Co. in 2013 (rounded) is

a. 20.5%

b. 24.1%

c. 28.7%

d. 31.8%

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Solutions For Problems in Chapter 11

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