If your total assets equal $50,000 and your total liabilities equal $15,000; your debt ratio is Group of answer choices 233%. 143%. 30%. 70%. 333%

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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If your total assets equal $50,000 and your total liabilities equal $15,000; your debt ratio is
Group of answer choices
233%.
143%.
30%.
70%.
333%.
 
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