Debit Advertising expense $400, credit accounts payable 400.
Answer:
The solvency ratio is closest to: B. 33%.
Explanation:
<em>The solvency ratio = After tax Net Operating Income ÷ Total Debt</em>
Thus,
The solvency ratio = $75,000 ÷ ($15,000 + $200,000)
= 35.88%
Therefore this is closest to B. 33%.
She is very dependent , and Spoiled & it will be hard for her whenever she starts being indepwndent
