Multiple Choice
Karzon Ltd., a car manufacturing company, calculated its debt ratio to be 2:5. Calculate the total debt for Karzon Ltd., from the following information: Cash in hand = $120,000
Cash at bank = $180,000
Bills receivable = $200,000
Bills payable = $180,000
Land and building = $250,000
Inventories = $50,000
Machinery = $100,000
A) $360,000
B) $240,000
C) $280,000
D) $300,000
E) $270,000
Correct Answer:
Verified
Correct Answer:
Verified
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