Bill Company Had Total Assets of $560,000; Total Liabilities of $250,000;

question 22

Multiple Choice

Bill Company had total assets of $560,000; total liabilities of $250,000; and total shareholders' equity of $310,000. Bill Company's debt ratio is:

• A) 55.4%.
• B) 80.6%.
• C) 44.6%.
• D) 28.7%.
• E) 66.4%.