Bonaventure Company has total assets of $1,000,000, liabilities of $400,000, and equity of $600,000. What is its debt ratio (rounded to a whole percent)? a. 250% c. 67% e. 40% b. 167% d. 150%

Principles of Accounting Volume 1
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Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 15MC: If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A....
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Bonaventure Company has total assets of $1,000,000, liabilities
of $400,000, and equity of $600,000. What is its
debt ratio (rounded to a whole percent)?
a. 250% c. 67% e. 40%
b. 167% d. 150%

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