The debt ratio is calculated by dividing:a. total assets by total debt.b. total debt by total assets.c. total assets by long-term liabilities.d. long-term liabilities by total assets.

College Accounting (Book Only): A Career Approach
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ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter12: Financial Statements, Closing Entries, And Reversing Entries
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The debt ratio is calculated by dividing:
a. total assets by total debt.
b. total debt by total assets.
c. total assets by long-term liabilities.
d. long-term liabilities by total assets.

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