If current liabilities are $90,000,long-term liabilities are $270,000,and total assets are $600,000,what is the percentage of total liabilities to total assets?
A) 15 percent
B) 45 percent
C) 60 percent
D) 100 percent

Question

Quizplus · Accepted Answer

Total liabilities are the sum of current liabilities and long-term liabilities, which is $90,000 + $270,000 = $360,000. The percentage of total liabilities to total assets is ($360,000 / $600,000) * 100% = 60%.

If Current Liabilities Are $90,000,long-Term Liabilities Are $270,000,and Total Assets