What is the correct formula for cell B3? 1 2 Total Assets 3 Total Equity 4 Total Debt Ratio O =(B2-B3)/(B2+B3) O=B3/B2-1 O =(B2-B3)/B3 O=1-B2/B3 2017 425,000 200,000 O=1-B3/B2

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
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What is the correct formula for cell B3?
1
2 Total Assets
3 Total Equity
4 Total Debt Ratio
O =(B2-B3)/(B2+B3)
O=B3/B2-1
O =(B2-B3)/B3
O=1-B2/B3
2017
425,000
200,000
O=1-B3/B2
Transcribed Image Text:What is the correct formula for cell B3? 1 2 Total Assets 3 Total Equity 4 Total Debt Ratio O =(B2-B3)/(B2+B3) O=B3/B2-1 O =(B2-B3)/B3 O=1-B2/B3 2017 425,000 200,000 O=1-B3/B2
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