In the past year, a Corporation reported assets of $230229000. Liabilities reported on the balance sheet on the same date were reported at $69090285. The company issued a new note payable for cash during the year. The 8%, 5-year was issued at a face value of $5010000. 

What is the company’s debt to asset ratio after the refinance?

Answer rating: 100% (QA)

Before the refinance the debt to asset ratio was De... View the full answer