A Firm Has Current Liabilities of $60,000,stockholders' Equity of $180,000

question 96

Multiple Choice

A firm has current liabilities of $60,000,stockholders' equity of $180,000 and total assets of $300,000.The percentage of total liabilities to total assets is

• A) 20 percent.
• B) 40 percent.
• C) 60 percent.
• D) 80 percent.

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