Vicksburg Laundry reported assets of $850 and equity of $520. What is Vicksburg's debt ratio? (Round your answer to the nearest whole number.) OA. 63% OB. 39% OC. 61% OD. Not enough information is provided.

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
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Vicksburg Laundry reported assets of $850 and equity of $520. What is Vicksburg's debt ratio? (Round your answer
to the nearest whole number.)
OA. 63%
O B. 39%
O C. 61%
O D. Not enough information is provided.
Transcribed Image Text:Vicksburg Laundry reported assets of $850 and equity of $520. What is Vicksburg's debt ratio? (Round your answer to the nearest whole number.) OA. 63% O B. 39% O C. 61% O D. Not enough information is provided.
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