At the End of the Current Year, Leer Company Reported

question 144

Multiple Choice

At the end of the current year, Leer Company reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio on the last year-end was:

• A) $400,000.
• B) 66.67%.
• C) 33.3%.
• D) 75.0%.
• E) 300%.