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Flanders Company Has Total Assets of $400,000 and Total Liabilities

Question 191

Multiple Choice

Flanders Company has total assets of $400,000 and total liabilities of $270,000. The company collects an account receivable of $20,000. After this transaction, the company's debt ratio will be: (Round your final answer to two decimal places.)


A) 0.64.
B) 0.68.
C) 0.63.
D) 1.48.

Correct Answer:

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