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Happiness Catering has total assets of $413 million. Its total liabilities are $114 million and...

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Question

Accounting

Happiness Catering has total assets of $413 million. Its total liabilities are $114 million and its equity is $299 million. Calculate its debt ratio.

rev: 01_27_2018_QC_CS-115385

Multiple Choice

  • 27.6%.

  • 26.2%.

  • 35.5%.

  • 38.1%.

  • 56.7%.

Answer & Explanation Solved by verified expert
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