Multiple Choice
Flanders Company has total assets of $400,000 and total liabilities of $280,000.The company collects an account receivable of $20,000.After this transaction,the company's debt ratio will be: (Round your final answer to two decimal places. )
A) 0.67.
B) 0.70.
C) 0.65.
D) 1.43.
Correct Answer:
Verified
Correct Answer:
Verified
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