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If Morgan Trading Pty Ltd Has the Following Balance Sheet

Question 32

Multiple Choice

If Morgan Trading Pty Ltd has the following balance sheet figures the debt ratio is:
$  Current assets 500000 Current liabilities 150000 Non-current assets 20000 Noncurrent liabilities 50000\begin{array} { l l }& \text {\$ } \\\text { Current assets } & 500000 \\\text { Current liabilities } & 150000 \\\text { Non-current assets } & 20000 \\\text { Noncurrent liabilities } & 50000\end{array}


A) 71.4%
B) 40%
C) 30%
D) 28.6%

Correct Answer:

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