Question
1. On December 31, 2015, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets of $55
1. On December 31, 2015, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets of $55 billion and stockholders' equity of $17 billion as of December 31, 2016. During 2016, the company reported total sales revenue of $22 billion and total expenses of $20 billion. What is the company's debt-to-assets ratio on December 31, 2016?
a) 0.69 b) 0.31 c) 0.036 d) 0.038
a) 0.50. b) 2.00. c) 7.50. d) 0.30.
a) $7,500.00 b) $2,173.00 c) $7,717.30 d) $7,282.70 |
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