ter 2 Quiz 6 Gi Gis Bakery has total assets of 447 million I

ter 2 Quiz 6 Gi Gi\'s Bakery has total assets of $447 million. Its total liabilities are $121 million 6 is $326 million. Calculate the debt ratio. al-assets-o points and pl ay and enjo code HAPE 371% K Pre 20Next>

Debt Ratio = Total Debt/Total Assets

= $121m/$447m = 27.1% (rounded off)

Assuming all the liabities are from Debt as there is no further information provided.

$ter 2 Quiz 6 Gi Gi\'s Bakery has total assets of $447 million. Its total liabilities are $121 million 6 is $326 million. Calculate the debt ratio. al-assets-o$

ter 2 Quiz 6 Gi Gis Bakery has total assets of 447 million I

Solution

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