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Question
Cornucopia's liabilities and equity are shown below:| Accounts Payable | $500,000 |
| Accrued Expenses | 250,000 |
| Short-term Note at 5% | 300,000 |
| Long-Term Debt | 1,250,000 |
| Common Equity, Book Value | 2,500,000 |
| Common Equity, Market Value | 6,000,000 |
Cornucopia's debt ratio is ________.
A) .48
B) .32
C) .21
D) .30
Answer
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