A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholders equity is $1,000,000. What is the debt-to-total asset ratio?
A)45%
B)75%
C)55%
D)67%

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The Answer of A firm has total assets of $3,000,000. It has $1,200,000 in long-term debt. The stockholders equity is $1,000,000. What is the debt-to-total asset ratio?
A)45%
B)75%
C)55%
D)67%

A Firm Has Total Assets of $3,000,000