Multiple Choice
A firm has $100 million in current liabilities, $200 million in long-term debt, $300 million in stockholders' equity, and total assets of $600 million. Calculate the firm's ratio of long-term debt to long-term debt plus equity.
A) 40 percent
B) 20 percent
C) 50 percent
D) 17 percent
Correct Answer:
Verified
Correct Answer:
Verified
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