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:

Prostate Gland

A gland in the male reproductive system that produces seminal fluid, which nourishes and transports sperm.

Cowper Gland

A pair of small glands in the male reproductive system that produce a fluid to cleanse and lubricate the urethra prior to ejaculation.

Umbilicus

The medical term for the navel or belly button, marking where the umbilical cord was attached.

Sphincter

A muscle that surrounds and can close or open a bodily opening.