A Firm Has Total Assets of $3,000,000

question 60

Multiple Choice

A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholders equity is $1,000,000. What is the debt-to-total asset ratio?

• A)45%
• B)75%
• C)55%
• D)67%

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DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a handbook used by healthcare professionals as an authoritative guide to diagnose mental disorders.

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