Solution-Identify correct formula used to calculate debt

Identify correct formula used to calculate debt ratio

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Reference no: EM132660106

Problem 1: Identify the correct formula below used to calculate the debt ratio.

A. Total Equity/Total Liabilities.
B. Total Liabilities/Total Equity.
C. Total Liabilities/Total Assets.
D. Total Assets/Total Liabilities.
E. Total Equity/Total Assets.

Problem 2: A list of all ledger accounts and their balances at a point in time is called a(n):

A. Account balance.
B. Trial balance.
C. Ledger.
D. Chart of accounts.
E. General Journal.

Reference no: EM132660106

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Identify correct formula used to calculate debt ratio

Reference no: EM132660106

Reference no: EM132660106

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