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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 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
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8 years ago
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H3Ko Author
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#2
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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