Baxter Trading Pty Ltd has the following balance sheet figures.The debt ratio is:
$\begin{array}{|l|r|}
\hline \text{Current assets }& \$ 300000 \
\hline\text{ Current liabilities} & 200000 \
\hline\text{ Non-current assets} & 800000 \
\hline \text{Non-current liabilities} & 350000 \
\hline
\end{array}$
A) 50%
B) 43.75%
C) 66.67%
D) 31.82%

Question

Baxter Trading Pty Ltd has the following balance sheet figures.The debt ratio is:
$\begin{array}{|l|r|}
\hline \text{Current assets }& \$ 300000  \
\hline\text{ Current liabilities} & 200000 \
\hline\text{ Non-current assets} & 800000 \
\hline \text{Non-current liabilities} & 350000 \
\hline
\end{array}$
A) 50%
B) 43.75%
C) 66.67%
D) 31.82%

Quizplus · Accepted Answer

The Answer of Baxter Trading Pty Ltd has the following balance sheet figures.The debt ratio is:
$\begin{array}{|l|r|}
\hline \text{Current assets }& \$ 300000  \
\hline\text{ Current liabilities} & 200000 \
\hline\text{ Non-current assets} & 800000 \
\hline \text{Non-current liabilities} & 350000 \
\hline
\end{array}$
A) 50%
B) 43.75%
C) 66.67%
D) 31.82%

Baxter Trading Pty Ltd Has the Following Balance Sheet Figures