Using the following information, compute the debt ratio. Total liabilities . . . . . . .

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Using the following information, compute the debt ratio.

Total liabilities . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . $350,000

Annual interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,500

Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 800,000

Income before interest and taxes . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . . 80,000

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 30, 2011 04:57 AM

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Using the following information, compute the debt ratio. Total liabilities . . . . . . .

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Accounting concepts and applications

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