Determine the company’s debt ratio.

The following information was taken from Gordon Company s balance sheet Total


The following information was taken from Gordon Company’s balance sheet:
Total assets …………………………………… $500,000Long-term liabilities ………………………….. 200,000

Total liabilities ………………………………… 300,000

Total shareholders’ equity …………………….. 200,000

Determine the company’s debt ratio.

 

The following information was taken from Gordon Company s balance sheet Total

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.