Which of the following statements is an accurate interpretation of a debt ratio of 0.60?
A) The company has $0.60 of current assets for every $1.00 of current liabilities.
B) The company has $0.60 of current liabilities for every $1.00 of current assets.
C) The company has $0.60 of assets for every $1.00 of liabilities.
D) The company has $0.60 of liabilities for every $1.00 of assets.
Correct Answer:
Verified
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