A Company Had Total Assets of $350,000; Total Liabilities of $101,500;

question 95

Short Answer

A company had total assets of $350,000; total liabilities of $101,500; and total equity of $248,500.Calculate its debt ratio.

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Definitions:

Fax Machine

A device that sends and receives documents through a telephone line by converting them into electronic signals.

Coffee Maker

A kitchen appliance used for brewing coffee by automatically heating water and directing it through ground coffee beans.

Security System

A combination of technological equipment and procedures designed to protect a space or information from unauthorized access, theft, or damage.

Fax Machine

An electronic device used to send and receive documents over a telephone line by converting them to and from electronic bits.