Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets$ 450 comma 000Total Liabilities131 comma 000Total Equity319 comma 000What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets$ 450 comma 000Total ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
10. Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. For her bisque to turn out right, it should have the consistency of A. cold heavy cream. B. warm milk. C. foie gras. D. thick oatmeal.
Answers (1)
A budget line shows the a. quantities of consumption that maximizes marginal utility. b. relationship between price and quantity demanded. c. quantities of goods a buyer can purchase with given income and prices. d.
Answers (1)
Construct an income statement using the following information: net sales, $500,000; salaries, $100,000; rent, $24,000; COGS, $250,000; utilities, $25,000; payroll taxes, $25,000; insurance, $12,000; and interest expense, $5,450.
Answers (1)
Ward hardware used the fifo inventory costing method in 2017. ward plans to continue using the fifo method in future years. which accounting principle is most relevant to? ward's decision?
Answers (1)
Farley Company had beginning inventory of $15k Mar 1, 2006. During the month, the company made purchases of $40k. The inventory at the end of the month is $17,300. What is cost of goods sold for the month of March?
Answers (1)
New Questions in Business
Which program is not a cash-transfer program?
Answers (1)
Parties more interested in managerial accounting data than in financial accounting data include
Answers (1)
A researcher conducts a survey of people who use anxiety medications, recruited through an advertisement in the local paper. the researcher promises confidentiality, but accidentally leaves a folder of signed consent forms at a cyber cafe.
Answers (1)
Osborn Manufacturing uses a predetermined overhead rate of $19.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimates $256,080 of total manufacturing overhead for an estimated activity level of 13,200 direct
Answers (1)
A corporation has 44,904 shares of $26 par value stock outstanding that has a current market value of $238 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding. Select the correct answer.
Answers (1)