At the End of the Current Year,Leer Company Reported Total

question 72

Multiple Choice

At the end of the current year,Leer Company reported total liabilities of $300,000 and total equity of $100,000.The company's debt ratio on the last year-end was:

• A)300%.
• B)33.3%.
• C)75.0%.
• D)66.67%.
• E)$400,000.

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Definitions:

Family Resemblance

The physical or behavioral similarities observed among members of the same family, attributing to shared genetics and environment.

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A warm-blooded, vertebrate animal characterized by feathers, beaks, and typically the ability to fly.