Question
ABS Co. has sales of 500,000, operating profit of 50,000interest expense of 10,000 tax expense of 20,000 total equity of 125,000 and total debt of
ABS Co. has sales of 500,000, operating profit of 50,000interest expense of 10,000 tax expense of 20,000 total equity of 125,000 and total debt of 275,000. Their debt to asset ratio is ?
a.)72.75%
b.) 70%
c.)50.25%
d.)68.75%
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Statistics For Engineers And Scientists
Authors: William Navidi
3rd Edition
73376345, 978-0077417581, 77417585, 73376337, 978-0073376332
