Marp Conton Event Firm had the following financial information for the past accounting period: Current Liabilities= $174,000
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Question:
Marp Conton Event Firm had the following financial information for the past accounting period:
Current Liabilities= $174,000
Long-Term Liabilities = $112,000
Total Fixed Assets = $240,000
Current ratio= 1.60
Based on the financial information, what is Marp's debt to total assets ratio for the past accounting period?
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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