Financial Accounting Fundamentals | Online Course Support

Company A has the following information excerpted from its financial statements: Which of the following statements is correct?

 
 
 
 
 
 

Correct answer. Debt/Assets = Total Liabilities/Total Assets. Year 1: 21,000/47,400 = 36.59%; Year 2: 19,600/56,000 = 35.00%.

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