Refer to the Following Information to Answer the Question(s)regarding Port

question 87

Multiple Choice

Refer to the following information to answer the question(s) regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's debt-to-net worth ratio is ________.

• A)0.36:1
• B)0.08:1
• C)1.57:1
• D)0.57:1

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