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At the Beginning of the Current Year,Trenton Company's Total Assets

Question 202

Multiple Choice

At the beginning of the current year,Trenton Company's total assets were $248,000 and its total liabilities were $175,000.During the year,the company reported total revenues of $93,000,total expenses of $76,000 and dividends of $5,000.There were no other changes in equity during the year and total assets at the end of the year were $260,000.Trenton Company's debt ratio at the end of the current year is:


A) 70.6%.
B) 67.3%.
C) 32.7%.
D) 48.6%.
E) 1.42%.

Correct Answer:

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