Costello corp has total assets of 200 million long-term


Costello Corp. has total assets of $200 million; long-term debt of $50 million; and total owner's equity of $120 million. What is the firm's total debt ratio?

Select one:

a. 25.0%

b. 33.3%

c. 40.0%

d. 62.5%

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Finance Basics: Costello corp has total assets of 200 million long-term
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