FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Malibu Inc. reported the following (in millions) on its year-end balance sheet: Total liabilities $4,086. Total shareholders’ equity $2,528.2  What proportion of Malibu Inc. is financed by nonowners?

a. 38.2%

b. 61.9%

c. 61.8%

d. 78.6%

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