Solved

Livingston Organization Had Total Assets of $635,000; Total Liabilities of $185,000;

Question 121

Multiple Choice

Livingston Organization had total assets of $635,000; total liabilities of $185,000; and total Stockholders' Equity of $450,000. Livingston's debt ratio is: (Round your final answer to the nearest whole number.)


A) 17%.
B) 71%.
C) 41%.
D) 29%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q116: Under a capital lease, the title of

Q117: A $260,000 issue of bonds that sold

Q118: Southeast Plumbing had cash sales for the

Q119: Lionworks Inc. signed a $57,000 8% 30-year

Q120: The disclosure of a contingent liability only

Q122: Bonds that can be exchanged for stock

Q123: Capital leases are most similar to:<br>A)Accounts Payable.<br>B)unearned

Q124: Warranty expense is always recorded in the

Q125: When a liability exists, the amount owed

Q126: With regard to long-term debt, collateral represents?<br>A)A