Snort and Smiley Incorporated Has a Debt Ratio of

question 84

Multiple Choice

Snort and Smiley Incorporated has a debt ratio of .42, noncurrent liabilities of $20,000, and total assets of $70,000. What is Snort and Smiley's level of current liabilities?

• A) $8,400
• B) $9,400
• C) $12,340
• D) $10,600

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