What is debt ratio

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Reference no: EM132977829

Question - Kit Company has the following information:

Accounts payable P10 million

Accounts receivable P5.48 million

Average inventory P30 million

Cash P5 million

Cost of goods sold P80 million

EBIT P18 million

Long-term bonds P25 million with 10% coupon

Price per share P72

Price/Earnings ratio 18

Total assets P100 million

Total sales P125 million

What is Debt ratio?

Reference no: EM132977829

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