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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Camile Plastics Company had the following total assets, liabilities, and equity as of December 31.

Assets   $430,000
Liabilities   132,000
Equity   298,000

What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)
A) 44.30%
B) 30.70%
C) 100.00%
D) 69.30%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
3 years ago
Thank you!
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