Using the following balance sheet and income statement data, what is the debt to assets ratio?...
Using the following balance sheet and income statement data,
what is the debt to assets ratio?
|
Current assets |
$36500 |
Net income |
$42100 | |
|---|---|---|---|---|
|
Current liabilities |
14800 |
Stockholders' equity |
76600 | |
|
Average assets |
162100 |
Total liabilities |
56030 | |
|
Total assets |
130000 |
Homework Answers
The formula for calculating debt to assets ratio is =
Total liabilities ÷ total assets
Total liabilities =$ 56030
Total assets =$130000
Therefore debt to assets ratio is $56030÷$130000=0.431:1 or 43.1%
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Using the following balance sheet and income statement data,
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