Stride Along Has Total Assets of $385 Million

question 195

Multiple Choice

Stride Along has total assets of $385 million. Its total liabilities are $100 million and its equity is $285 million. Calculate its debt ratio.

• A) 35.1%.
• B) 26.0%.
• C) 38.5%.
• D) 28.5%.
• E) 58.8%.

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