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A company's balance sheet at the end of year is as follows: Assets Cash Accounts receivable (less allowance for doubtful accounts) Inventories Short-term investments Total
A company's balance sheet at the end of year is as follows: Assets Cash Accounts receivable (less allowance for doubtful accounts) Inventories Short-term investments Total current assets Property, plant, and equipment Long-term investment TOTAL ASSETS Liabilities Accounts payable Current portion of long-term debt Long-term debt TOTAL LIABILITIES $104,600 209,300 118,500 11,500 443,900 292,600 23,500 760,000 $370,900 35,850 250,000 $656,750 The debt-to-assets ratio for this company is: The debt-to-assets ratio for this company is: Multiple Choice approximately 1.15. approximately 0.91. approximately 1.86. approximately 0.86
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