In the Current Year,Pear Co

question 176

Short Answer

In the current year,Pear Co.had total assets of $250,000 and liabilities of $100,000.Calculate the debt ratio.

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Definitions:

Government Budget

A financial statement presenting the government's proposed revenues and spending for a financial year.

Loanable Funds

The money available for borrowing; the market wherein savers supply funds to borrowers, typically through financial intermediaries.

Interest Rates

The rate at which a borrower is charged interest for borrowing money from a lender.

Perpetuity

An annuity in which the periodic payments begin on a fixed date and continue indefinitely.