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A company had the same amount of assets at the end of 2014 and 2015, $300,000. In 2015, net income was $40,000 and sales revenue
A company had the same amount of assets at the end of 2014 and 2015, $300,000. In 2015, net income was $40,000 and sales revenue was $390,000. At the end of 2015, total liabilities are $120,000 What is the debt-to-assets ratio at the end of 2015? 2.5 0.34 0.40 O 0.35
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