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H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
Which of the following is the correct formula to calculate the debt ratio?
A) Debt ratio = Total liabilities + Total assets
B) Debt ratio = Total liabilities - Total assets
C) Debt ratio = Total liabilities / Total assets
D) Debt ratio = Total liabilities × Total assets
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Posts: 1272
7 years ago
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H3Ko Author
wrote...
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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