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A Firm Has Current Liabilities of $60,000, Stockholders' Equity of $180,000

Question 4

Multiple Choice

A firm has current liabilities of $60,000, stockholders' equity of $180,000 and total assets of $300,000. The percentage of total liabilities to total assets is:


A) 80 percent.
B) 60 percent.
C) 40 percent.
D) 20 percent.

Correct Answer:

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