Jennings Co. has total assets of $429.0 million. Its total liabilities are $112.5 million. Its equity...

Question

Question

business accounting

Answer 1

Answer #1

Solution :-

Option d is correct.

Computation of debt ratio

Debt Ratio = Total Liabilities / Total Assets

Debt Ratio = $112.5/$429.0

Debt Ratio =26.2%

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Answer 2

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