Multiple Choice
Refer to the following information to answer the question(s) regarding Port Royal:
Net Sales $927,641
Gross Profit $301,483
Net Profit $48,457
Total Assets $203,869
Total Liabilities $74,325
-Port Royal's debt-to-net worth ratio is ________.
A) 0.36:1
B) 0.08:1
C) 1.57:1
D) 0.57:1
Correct Answer:
Verified
Correct Answer:
Verified
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