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The total debts to total assets ratio of Ranford Co. was .29. The total of Ranford's assets was $200,000. What's the amount of total debt to the company? A. $68,000 B. $75,000 C. $58,000 D. $65,000
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The total debts to total assets ratio of Ranford Co. was .29. The total of Ranford's assets was $200,000. What's the amount of total debt to the company?

A. $68,000
B. $75,000
C. $58,000
D. $65,000

User Gilbertc
by
7.1k points

1 Answer

10 votes

Multiply assets by ratio

200,000 x 0.29 = $58,000


answer: c. $58,000

User Pfranza
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7.6k points
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