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John's Market's Total Assets Are $310,000, Current Assets $126,000, Total

Question 40

Multiple Choice

John's Market's total assets are $310,000, current assets $126,000, total liabilities $162,000, and current liabilities $51,000. What is the debt to total assets ratio? (Round your answer to the nearest percentage.)


A) 40.65%
B) 77.78%
C) 52.26%
D) 37.50%

Correct Answer:

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