What is the debt ratio for jordan manufacturing reports

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Reference no: EM132652385

Jordan Manufacturing reports the following capital structure:

Current liabilities P100,000

Long-term debt 400,000

Deferred income taxes 10,000

Preferred stock 80,000

Common stock 100,000

Premium on common stock 180,000

Retained earnings 170,000

Problem 1: What is the debt ratio?

A. 0.48                C. 0.93

B. 0.49               D. 0.96

Reference no: EM132652385

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