Determine the company’s debt ratio.

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The following information was taken from Gordon Company s balance sheet Total


The following information was taken from Gordon Company’s balance sheet:
Total assets …………………………………… $500,000Long-term liabilities ………………………….. 200,000

Total liabilities ………………………………… 300,000

Total shareholders’ equity …………………….. 200,000

Determine the company’s debt ratio.

 

The following information was taken from Gordon Company s balance sheet Total