Solved

If Long-Term Liabilities Are $75,000 and Total Assets Are $525,000

Question 92

Multiple Choice

If long-term liabilities are $75,000 and total assets are $525,000, what percentage of total assets are long-term liabilities?

A) 7 percent
B) 16.7 percent
C) 12.5 percent
D) 14.3 percent

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