Homework Answers
| Alimentation Couche-Trade Inc. | ||
| 2012 | 2011 | |
| $ | $ | |
| Current assets | 1,337.40 | 1,242.20 |
| Non-current assets | 3,115.80 | 2,684.00 |
| Total Assets | 4,453.20 | 3,926.20 |
| Current liabilities | 1,566.80 | 977.40 |
| Non-current liabilities | 711.80 | 969.40 |
| 2,278.60 | 1,946.80 | |
| Debt to total asset ratio = (Short-term debt + Long-term debt)/Total assets | ||
| Debt to total asset ratio (2011) = ($ 977.40 + $ 969.40)/$ 3,926.20 = 49.60% | ||
| Debt to total asset ratio (2012) = ($ 1,566.80 + $ 711.80)/$ 4,453.20 = 51.20% | ||
| Debt to asset ratio indicates how much of the company's total assets are financed using debt rather than equity. | ||
| By considering this, debt to asset ratio of the company is increased from 49.60% ( in year 2011) to 51.20% (in year 2012). Therefore, the company's solvency is weaker in 2012 compare with 2011. |
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