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Bonaventure Company has total assets of $1,000,000, liabilities of $400,000, and equity of $600,000. What is its debt ratio (rounded to a whole percent)? a. 250% c. 67% e. 40% b. 167% d. 150%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 15MCQ: Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels...

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Question

Bonaventure Company has total assets of $1,000,000, liabilities
of $400,000, and equity of $600,000. What is its
debt ratio (rounded to a whole percent)?
a. 250% c. 67% e. 40%
b. 167% d. 150%

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