May Cooperative has total assets of $456,000, current assets $133,000, total liabilities $263,000, and current liabilities 87,000. What is the debt to total assets ratio?
A) 24.33%
B) 19.08%
C) 197%
D) 57.68%

Question

Quizplus · Accepted Answer

The debt to total assets ratio is calculated by dividing total liabilities by total assets. So, $263,000 / $456,000 = 0.5768 or 57.68%.

May Cooperative Has Total Assets of $456,000, Current Assets $133,000