This Is Recker's Manufacturing's Balance Sheet at Year-End The Equity Ratio Is:
A)33%
B)50%
C)75%
D)300

Multiple Choice

This is Recker's Manufacturing's balance sheet at year-end. $$\begin{array} { l c } \text { Current assets } & \$ 200,000 \\\text { Long-term assets } & 400,000 \\\text { Current liabilities } & 50,000 \\\text { Long-term liabilities } & 100,000 \\\text { Share cap ital } & 200,000 \\\text { Retained earnings } & 250,000\end{array}$$ The equity ratio is:

A) 33%
B) 50%
C) 75%
D) 300%