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