Solution-How much of torchglow assets were financed with

How much of torchglow assets were financed with debt

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Reference no: EM132927938

Problem 1: Torchglow, Co. had total current assets of $83,000 and total long-term assets of $615,000. Torchglow had no other assets. Torchglow has had total current liabilities of $43,000 and total long-term liabilities of $361,000. How much of Torchglow's assets were financed with debt?

Option 1: 57.9%
Option 2: 42.1%
Option 3: 51.7%
Option 4: 58.7%

Reference no: EM132927938

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How much of torchglow assets were financed with debt

Reference no: EM132927938

Reference no: EM132927938

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