Ask Question
27 September, 01:45

A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?

+5
Answers (1)
  1. 27 September, 05:16
    0
    long-term debt=Totol liability-Current liability long-term debt=$350-$130 = $220 long-term debt ratio=long term debt / total assets = $220/$1,000 = 22% so long term debt ratio is 22%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers