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%

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Definitions:

Software Production Costs

Expenses associated with the development, design, and implementation of software, which may be capitalized or expensed depending on the stage of development.

Technological Feasibility

The point at which it can be demonstrated that a new technology will function as intended.

Marketed

The process of promoting or selling goods and services, including market research and advertising.

Intangible Asset

An asset that lacks physical substance and is not financial in nature, which is identifiable and provides economic benefits or advantages to the owner.