Gi Gi's Bakery Has Total Assets of $425 Million

question 21

Multiple Choice

Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.

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

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