Question: If total assets are reported at $ 2 0 0 m , total equity is $ 7 0 m , total long term debt is

If total assets are reported at $200m, total equity is $70m, total long term debt is $100m and current assets $55m. The long term debt to equityratio is closest toA.2.86 B.0.50 C.1.43 D.2.22 E.None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!