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Chestnut,Inc

Question 99

Multiple Choice

Chestnut,Inc.reported the following balances on its balance sheet at December 31,Year 1:
Chestnut,Inc.reported the following balances on its balance sheet at December 31,Year 1: On January 1,Year 2,Chestnut purchased equipment for $40,000 on account.What is the company's debt-to-assets ratio immediately after the purchase of the equipment? A) 0.42 B) 0.46 C) 0.37 D) 0.34
On January 1,Year 2,Chestnut purchased equipment for $40,000 on account.What is the company's debt-to-assets ratio immediately after the purchase of the equipment?


A) 0.42
B) 0.46
C) 0.37
D) 0.34

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