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Current Assets Are $200,000, Long Term Assets Are $300,000, Current

Question 18

Multiple Choice

Current assets are $200,000, long term assets are $300,000, current liabilities are $100,000, long-term liabilities are $200,000, paid-in capital is $150,000, and retained earnings total $50,000. What is the debt-to-total-assets ratio?


A) 0.4 or .4 to 1
B) 0.6 or .6 to 1
C) 0.2 or .2 to 1
D) 0.9 or .9 to 1

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