IBD Corporation Has Current Assets of $200,000, Long Term Assets

question 18

Multiple Choice

IBD Corporation has Current Assets of $200,000, Long Term Assets of $300,000, Current Liabilities of $100,000, Long Term Liabilities of $200,000, Paid in Capital of $150,000, and Retained Earnings of $50,000. Calculate IBD's debt to assets ratio?

• A) .40
• B) .60
• C) .20
• D) .90

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