Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An extract from a printing company s 2 0 2 1 financial statements follows: Balance sheet As of December 3 1 , 2 0 2

An extract from a printing companys 2021 financial statements follows:
Balance sheet
As of December 31,2021
As of December 31,2020
Total assets
57,699
54,013
Total liabilities
37,682
37,919
Total stockholders equity
20,017
16,096
What was the companys debt-to-assets ratio for 2021?

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Accounting Multicolumn Journal

Authors: Claudia Gilbertson

11th Edition

1337565423, 9781337565424

More Books

Students also viewed these Accounting questions

Question

7 9 . What is the equity risk premium, and how is it calculated?

Answered: 1 week ago