1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
4 years ago
7

Durable Plastics Company had the following total​ assets, liabilities, and equity as of December 31.Total Assets$ 450 comma 000T

otal Liabilities131 comma 000Total Equity319 comma 000What is the​ company's debt ratio as of December​ 31? (Round your percentage answer to two decimal​ places.)
Business
1 answer:
VashaNatasha [74]4 years ago
3 0

Answer: Debt ratio = 29.11%

Explanation:

A company's Debt ratio explains the financial leverage of a company to  paying off its liabilities using its assets by measuring a company's  total liabilities as a percentage of its total assets.

Given ,

Total Assets   $ 450,000

Total Liabilities $131, 000

Total Equity $319,000

Debt ratio = Total Liabilites /total asset  x 100

=131000/450000  X 100

= 29.11%

You might be interested in
What is the accumulated net income of a corporation called?
mrs_skeptik [129]
The accumulated net income of a corporation is called profit.
5 0
3 years ago
Read 2 more answers
The opportunity cost of a decision is measured in terms of
Otrada [13]

Answer:

D.

Explanation:

The opportunity cost of a decision is measured in terms of the sacrifice of the next best alternative, in other words the next best thing given up. Since opportunity cost refers to what you are losing or better yet giving up when you end up making a decision between two or more different options and once done are not able to choose the other option(s).

5 0
3 years ago
Royal Gorge Company uses the gross profit method to estimate ending inventory and cost of goods sold when preparing monthly fina
Nastasia [14]

Answer:

Please refer the attachment to have the solution with explanation

Download xlsx
7 0
3 years ago
Which of the following statements is true? Question 8 options: Always shake hands in an interview as it is the polite thing to d
SVETLANKA909090 [29]
I think the answer would be A. It definitely would not be B or C and D seems kind of rude so I think that A. would be the most courteous and kind. Hope this is helpful for you! :)
7 0
3 years ago
Read 2 more answers
Ortega Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a
Talja [164]

Answer:

$40

Explanation:

Target cost is the cost per unit arrived at after having deducted the required profit margin from the competitive market price.

It is a management technique that makes management think about ways to achieve a set target cost rather than forcing their actual cost plus profit margin on customers.

In this case, the competitive market price is $54 per unit of hard drive whereas the company expects to achieve a total profit of $14  per unit  

Profit margin per unit=$14

competitive market price=$54

Target cost=competitive market price-profit margin per unit

Target cost=$54-$14

Target cost=$40

7 0
4 years ago
Other questions:
  • Economic cost can best be defined as: (a) any contractual obligation that results in a flow of money expenditures from an enterp
    7·1 answer
  • Block Island TV currently sells large televisions for $ 380. It has costs of $ 310. A competitor is bringing a new large televis
    6·1 answer
  • The first e-mail mailing lists appeared on military and education research networks. True or false?
    5·1 answer
  • Ryan is the manager of home repairs inc., a company that provides a wide range of repair and maintenance services. he claims tha
    11·1 answer
  • Cheyenne Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $17
    7·1 answer
  • How do your actions affect the economy?
    9·1 answer
  • Suppose Ginny earns $825 per week working as a corporate attorney for Rowan and Martin Associates. She uses $10 to buy a box of
    11·1 answer
  • Office Depot promises an exceptional online shopping experience, free delivery for purchases over $35, buy-online-collect in sto
    13·1 answer
  • 10,000 can be invested under two options: Option 1. Deposit the 10,000 into a fund earning an effective annual rate of i; or Opt
    14·1 answer
  • Daniel owns his own computer repair shop. Business has not been good, so Daniel's credit limit has been exhausted, and he needs
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!