Multiple Choice
A new company has a debt ratio of 0.35. What does this mean?
A) The company has $0.35 in assets for every $1.00 of liabilities.
B) The company has $0.35 in liabilities for every $1.00 of assets.
C) The company has $0.35 in sales for every $1.00 of liabilities.
D) The company has $0.35 in liabilities for every $1.00 of sales.
Correct Answer:

Verified
Correct Answer:
Verified
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