Solved

If Long-Term Liabilities Are $62,000 and Total Assets Are $480,000

Question 3

Multiple Choice

If long-term liabilities are $62,000 and total assets are $480,000, what percentage of total assets are long-term liabilities?

A) 4) 8 percent
B) 14.8 percent
C) 12.9 percent
D) 14.3 percent

Related Questions

Q1: What is the PE ratio? How is

Q2: Using the comparative income statement given below,

Q4: A firm has current liabilities of $60,000,

Q5: The current ratio is a measure of

Q6: Trend analysis looks at:<br>A)two or more companies

Q7: The following financial information was taken

Q8: Ratios provide useful, stand-alone tools to assess

Q9: Current assets divided by current liabilities is

Q10: The excess of current assets minus current

Q11: Cost of goods sold divided by average