Question Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 76 $ 136 $ 245 $ 905 $ 310 $ 380 What is the debt ratio?

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Transcribed Image Text: Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 76 $ 136 $ 245 $ 905 $ 310 $ 380 What is the debt ratio?
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Transcribed Image Text: Shown below is selected information from the statement of financial position (balance sheet) of Comoros, a small electronics store (dollar amounts are in thousands): Cash Accounts receivable Inventory Total assets Current liabilities Noncurrent liabilities $ 76 $ 136 $ 245 $ 905 $ 310 $ 380 What is the debt ratio?
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Solution : Debt Ratio    = Total Liabilities / Total Assets                      = ($ 310 + $ 380) / $ 905           &#16 ... See the full answer