TransSystems Inc. has a total equity of $560,000; sales of $2,250,000;
TransSystems Inc. has a total equity of $560,000; sales of $2,250,000; total assets of $995,000; and
current liabilities of $310,000. What is TransSystems Inc.’s debt ratio?
A) 66.7% B) 43.7% C) 55.4% D) 31.2%
ANSWER
B
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