The 2020 financial statements of Crane Company contain the following selected data (in millions). Current assets $
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The 2020 financial statements of Crane Company contain the following selected data (in millions).
Current assets | $87 |
Total assets | 171 |
Current liabilities | 54 |
Total liabilities | 62 |
Cash | 5 |
Interest expense | 5 |
Income taxes | 8 |
Net income | 13 |
The debt to assets ratio (rounded) is
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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