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A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?
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A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. if debt is the only long-term liability, what is the long-term debt ratio?

User Rejo
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1 Answer

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long-term debt=Totol liability-Current liability long-term debt=$350-$130 =$220 long-term debt ratio=long term debt/ total assets =$220/$1,000 =22% so long term debt ratio is 22%
User Brianpeiris
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