Stride Rite Has Total Assets of $425 Million

question 164

Multiple Choice

Stride Rite has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

• A)38.6%
• B)13.4%
• C)34.9%
• D)25.9%
• E)14.9%

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