The Following Is the Balance Sheet for Green Landscaping

question 29

Multiple Choice

The following is the balance sheet for Green Landscaping.

-Which of the following is the debt ratio? (Round to two decimal places.)

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Definitions:

Liabilities

Financial obligations or debts owed by a business or individual to another entity, payable in money, goods, or services.

Equity

The value of an owner's interest in a property or business, determined by subtracting liabilities from assets.

Assets

Economic resources owned or controlled by a business, expected to produce future benefits.

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.