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Brown Bag Liquor Emporium Has Short-Term Liabilities of $150,000 and Long-Term

Question 49

Multiple Choice

Brown Bag Liquor Emporium has short-term liabilities of $150,000 and long-term liabilities of $200,000. With gross profits of $500,000 and owners' equity of $100,000, calculate its debt to owners' equity ratio.


A) 28.57%
B) 15.00%
C) 35.00%
D) 5.83%
E) 7.00%

Correct Answer:

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