Answered: Alcraft Inc is a maker of keychains. It…

Alcraft Inc is a maker of keychains. It has $2 million in assets and total equity of $250,000. What is the company’s debt ratio?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts

Section: Chapter Questions

Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...

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Alcraft Inc is a maker of keychains. It has $2 million in assets and total equity of $250,000. What is the company’s debt ratio?

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