Durable Plastics Company Had the Following Total Assets,liabilities,and Equity as of December

question 60

Multiple Choice

Durable Plastics Company had the following total assets,liabilities,and equity as of December 31. $$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 420,000 \\\hline \text { Total Liabilities } & 133,000 \\\hline \text { Total Equity } & 287,000 \\\hline\end{array}$$ What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)

• A) 31.67%
• B) 68.33%
• C) 100.00%
• D) 46.34%

---

Definitions:

Cyclohexylamine

An organic compound derived from cyclohexane where one hydrogen atom is replaced by an amine group, known for its use in creating various chemical products.

Hydrocarbon Impurity

Unintended hydrocarbon molecules present within a sample or product, which can alter its properties or reactions.

Solubility Differences

Variations in the ability of substances to dissolve in solvents, influenced by factors such as temperature, pressure, and chemical nature.

Amyloid Plaques

Accumulations of misfolded proteins, mainly found in the brain tissues, associated with numerous neurodegenerative diseases, such as Alzheimer's disease.