Multiple Choice
A firm has $100 million in current liabilities, $200 million in total long-term liabilities and
$300 million in stockholders' equity, total assets of $600 million. Calculate the long-term debt ratio for the firm.
A) 40%
B) 20%
C) 50%
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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