Question

automheducation.com/ext/map/index.html?_con-condexternal browserslaunch Url=http%253A%252F%252Fbblearn.t-cedu%252Fwebapp Saved - Help 2 Exercises 20 pts i eck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in Company Dreamworks Pixar universal Expenses Tatal Assets 524, ese $ 45,000 70,000 151,00 13,890 70,000 Net Inconte $21,000 30,000 5,20 Total Liabilities $ 31,588 147.200 15,840 a. Compute the debt ratio for each of the three companies (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Company Dreamworks Pixar Universal Debt Ratio 0.77 X 47 50 82.00 X < Prey 181 FE

so I know my problems are wrong, I understand how to get the answer its liabilities / assets, right? so how am I to round to the nearest 2 decimal places. thank you

Answer 1

Please find the below calculations for Debt Ratio

Company DreamWorks Pixar Universal Total Assets Total Liabilities Debt Ratio Total Liabilities / Total Assets 45,000 31,500 0.70 = 31,500 / 45,000 1,51,000 1,47,200 0.97 = 147,200 / 151,000 70,000 15,840 0.23 - 15,840 / 70,000 Note: Debt Ratio = Total Liabilities / Total Assets

Total Liabilities = Current Liabilities + Non-Current Liabilities

Total Assets = Current Assets + Non-Current Assets