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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.…

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.…
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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

asked
User Gilbertc
by
8.3k points

1 Answer

10 votes

Multiply assets by ratio

200,000 x 0.29 = $58,000


answer: c. $58,000

answered
User Pfranza
by
8.5k points
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