Business, 07.06.2020 00:04 elizediax6421
Durable Plastics Company had the following total assets, liabilities, and equity as of December 31.Total Assets$ 450 comma 000Total Liabilities131 comma 000Total Equity319 comma 000What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)
Answer from: isaloopsy
Debt ratio = 29.11%
Explanation:
A company's Debt ratio explains the financial leverage of a company to paying off its liabilities using its assets by measuring a company's total liabilities as a percentage of its total assets.
Given ,
Total Assets $ 450,000
Total Liabilities $131, 000
Total Equity $319,000
Debt ratio = Total Liabilites /total asset x 100
=131000/450000 X 100
= 29.11%
Answer from: Quest
Ithink the most appropriate answer would be a.i hope it you!
Answer from: Quest
answer; (cash) is the best out of the above; good luck
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