Multiple Choice
Which of the following is considered a good/safe rule-of-thumb debt ratio for businesses?
A) 0.8 or below
B) 0.6 or below
C) 1.0 or above
D) 1.5 or above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q57: Which of the following adjusted balances would
Q58: The Drawings account is copied to the
Q59: Drawings is a permanent account.
Q61: Rose Company earned revenues of $18,000 and
Q63: The current ratio is a measure of
Q64: A company has $140,000 in current assets;$600,000
Q65: Adkins Company has a current ratio of
Q66: Which of the following adjusted balances would
Q120: The smaller the current ratio, the higher
Q153: An increase in the current ratio implies