Solved

If Current Liabilities Are $90,000, Long-Term Liabilities Are $360,000, and Total

Question 92

Multiple Choice

If current liabilities are $90,000, long-term liabilities are $360,000, and total assets are $600,000, what is the percentage of total liabilities to total assets?


A) 15 percent
B) 45 percent
C) 60 percent
D) 75 percent

Correct Answer:

verifed

Verified

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

Related Questions

Q87: The current ratio is a measure of

Q88: A company's January 1 balance in Merchandise

Q89: A decrease in cost of goods sold

Q90: Using the comparative income statement given below,

Q91: Beatrice Corporation currently trades at $12 per

Q93: The accounts receivable turnover ratio can be

Q94: A company has total assets of $158,000,

Q95: Use the following information for the questions.<br><img

Q96: Modern Products, Inc. had accounts receivable of

Q97: Percentages of a base amount rather than