A company’s balance sheet reports:
Cash $ 50,000
Accounts receivable 75,000
Inventory 110,000
Plant & equipment 95,000
Total assets $330,000
Current liabilities $105,000
Long-term liabilities 110,000
Stockholders’ equity 115,000
Total liabilities & stockholders’ equity $330,000
The debt ratio is:
A. 0.65.
B. 0.95.
C. 1.19.
D. 1.87.
A
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