The following partial balance sheet is provided for Core Company at 12/31/ Year 1: Liabilities and Stockholder's Equity Accounts payable $3,300 Salaries payable 5,975 Notes payable (due in 2024) 9,525 Common stock, no par 19,400 Retained earnings 16,800 Total liabilities and stockholder's equity $55,000 ======= What is the company's debt to assets ratio (rounded to nearest percent)?

Answer rating: 100% (QA)

To calculate the debt to assets ratio we need to first determine the total liabili... View the full answer