A Firm Has a Total Debt Ratio of

question 30

Multiple Choice

A firm has a total debt ratio of .47.This means that,that firm has 47 cents in debt for every:

• A)$.53 in equity.
• B)$.53 in total assets.
• C)$1 in current assets.
• D)$.1 in equity.
• E)$1 in total sales.

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