FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22. A firm has total assets of $2,050,000. It has $906,000 in long-term debt. The stockholders equity is $706,000. What is the debt to total

22. A firm has total assets of $2,050,000. It has $906,000 in long-term debt. The stockholders equity is $706,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.)

81%

66%

76%

None of the items

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

How might governments in countries in the South ensure that local people gain greater benefit from the development of international tourism?

Answered: 1 week ago

Question

★★★★★
Answer- Mike Greenberg opened Swifty Window Washing Co. on July 1, 2020. During July, the following transactions were completed. July 1 Owner invested $14,200 cash in the company. 1 Purchased used...

Answered: 1 week ago

Question

★★★★★
6. Mada Company has budgeted the following data for November: Sales of $1,152,000, all in cash. A cash balance on November 1 of $48,000. Cash disbursements (other than interest) during November of...

Answered: 1 week ago

Question

★★★★★
E. I. Altman, Managing the Commercial Lending Process, in Handbook of Banking Strategy, ed. R. C. Aspinwall and R. A. Eisenbeis (New York: John Wiley & Sons, 1985), pp. 473510. See also footnote 4 in...

Answered: 1 week ago

Question

★★★★★
29 Below is a table for the present value of 1 : Year123430%.943.890.840.792.74712%10%9.909.8261.751.683.62112%.893.797.712.683636567 Below 15 a table for the present value of 400 are considering a...

Answered: 1 week ago

Question

★★★★★
When a company runs an add stressing how their product is vastly better than the other available options, the marketer is trying to what?

Answered: 1 week ago

Question

★★★★★
1. Are there any plugins to BPMN models inKNIME? Explain. 2. Examine the similarities of workflows to BPMN processes. 3. Two modeling elements/concepts in KNIME are nodes and data. Are the...

Answered: 1 week ago

Question

★★★★★
Which are the key benefits of SAP S/4HANA Cloud for receivables management?Which of the capabilities below are included in SAP S/4HANA Cloud receivables management? Manage international trade Perform...

Answered: 1 week ago

Question

★★★★★
If your team gets together as a group to inform management that they need to be able to control the thermostat in the office to have a comfortable work environment, or else they will not be able to...

Answered: 1 week ago

Question

★★★★★
How are digital technologies changing family life? 2.) How are digital technologies changing the following social institutions: politics, education, the economy, and religion to make them better and...

Answered: 1 week ago

Previous Question Next Question