If Morgan Trading Pty Ltd Has the Following Balance Sheet

question 32

Multiple Choice

If Morgan Trading Pty Ltd has the following balance sheet figures the debt ratio is:
$$\begin{array} { l l }& \text {\$ } \\\text { Current assets } & 500000 \\\text { Current liabilities } & 150000 \\\text { Non-current assets } & 20000 \\\text { Noncurrent liabilities } & 50000\end{array}$$

• A)71.4%
• B)40%
• C)30%
• D)28.6%

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