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    Financial Accounting Study Set 4
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    Exam 9: Current Liabilities and Long-Term Debt
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    Livingston Organization Had Total Assets of $600,000;total Liabilities of $175,000;and
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Livingston Organization Had Total Assets of $600,000;total Liabilities of $175,000;and

Question 33

Question 33

Multiple Choice

Livingston Organization had total assets of $600,000;total liabilities of $175,000;and total Stockholders' Equity of $425,000.Livingston's debt ratio is:


A) 17.1%.
B) 70.8%.
C) 41.2%.
D) 29.2%.

Correct Answer:

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