Multiple Choice
Kim's Kar Kare Service has total debt of $690, total assets of $1,260, interest expense of $140, and sales of $400. Which of the following is the debt ratio for the business?
A) 11.1 percent
B) 31.7 percent
C) 54.8 percent
D) 58 percent
Correct Answer:
Verified
Correct Answer:
Verified
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