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A Firm Has Liabilities of $72,000 and Stockholders' Equity of $228,000

Question 117

Multiple Choice

A firm has liabilities of $72,000 and stockholders' equity of $228,000. The percentage of total liabilities to total assets is:

A) 25 percent.
B) 24 percent.
C) 32 percent.
D) 76 percent.

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