At the Beginning of the Current Year, Trenton Company Inc

question 150

Multiple Choice

At the beginning of the current year, Trenton Company Inc.'s total assets were $248,000 and its total liabilities were $175,000. During the year, the company reported total revenues of $93,000, total expenses of $76,000 and dividends of $5,000. There were no other changes in stockholders' equity during the year and total assets at the end of the year were $260,000. Trenton Company's debt ratio at the end of the current year is:

• A)70.6%.
• B)67.3%.
• C)32.7%.
• D)48.6%.
• E)1.42%.

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Goals

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