Multiple Choice
Dr. Badger's Pet Store is applying for a loan from the bank. The company has liabilities of $670,000 and owners' equity of $250,000. What is the debt to owners' equity ratio for Dr. Badger's Pet Store?
A) 4.20 percent
B) 3.11 percent
C) 2.68 percent
D) 0.37 percent
E) 1.10 percent
Correct Answer:
Verified
Correct Answer:
Verified
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