Multiple Choice
ABC Company has total assets of $360,000 and total liabilities of $200,000. The company collects an account receivable of $20,000. After this transaction, the company's debt ratio will be:
A) 0.56.
B) 1.56.
C) 1.80.
D) 1.90.
Correct Answer:
Verified
Correct Answer:
Verified
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