Nathvile Laundry reported assets of $800 and equity or $480. What is Nathvile's debt ratio? a.60% a.40%

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Nathvile Laundry reported assets of $800 and equity or $480. What is Nathvile's debt ratio?
a.60%
a.40%
a.67%
d. Not enough information is provided

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Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

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Question Posted: Aug 08, 2017 09:44 AM

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Nathvile Laundry reported assets of $800 and equity or $480. What is Nathvile's debt ratio? a.60% a.40%

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The correct answer is option b Debt ratio is the relation between t...View the full answer

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