moneymarlo6008 moneymarlo6008
  • 15-02-2024
  • Business
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Last year, Hakeem Corp. had sales of $303,390, operating costs of $269,800, and year-end assets of $193,000. The debt-to-total-assets ratio was 25%, and the interest rate on the debt was 8.2%. What was the debt-to-total-assets ratio for Hakeem Corp. last year?
A) 25%
B) 8.2%
C) $303,390
D) $193,000

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