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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 66 times)

codyclark

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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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cloudre37

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Reply #1 on: Jul 11, 2018
Answer to Question 1

B

Answer to Question 2

TRUE


codyclark

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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