[Answered] TransSystems Inc. has a total equity of 560,000; sales of 2,250,000; total assets of 995,000; and ...

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Author Question: TransSystems Inc. has a total equity of 560,000; sales of 2,250,000; total assets of 995,000; and ... (Read 29 times)

codyclark

Hero Member
Posts: 538

on: Jul 11, 2018

TransSystems Inc. has a total equity of 560,000; sales of 2,250,000; total assets of 995,000; and
current liabilities of 310,000. What is TransSystems Inc.'s debt ratio?

A) 66.7 B) 43.7 C) 55.4 D) 31.2

Question 2

One motive for holding cash is to undertake transactions.

Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

cloudre37

Sr. Member
Posts: 332

Reply #1 on: Jul 11, 2018

Answer to Question 1

B

Answer to Question 2

TRUE

codyclark

Member
Posts: 538

Reply 2 on: Jul 11, 2018

TYSM

emsimon14

Member
Posts: 344

Reply 3 on: Yesterday

Gracias!

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