Calculate the debt ratio for york manufacturing

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Reference no: EM133004582

Selected Balance Sheet information from the York Manufacturing Company are given below:

Current Assets $350,000

Property, Plants & Equipment 650,000

Goodwill & Other Intangibles 500,000

Total Assets $1,500,000

Equity $550,000

Problem a. Calculate the Debt Ratio.

Problem b. Should a loan request for $350,000 be approved by the commercial loan officer if the company had requested one?

Reference no: EM133004582

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