Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

As per the attached balance sheet, please kindly answer the below show workout. Please use the following formulas if applicable. 1.) Debt-to-Assets Ratio = Total

As per the attached balance sheet, please kindly answer the below show workout. Please use the following formulas if applicable.
1.) Debt-to-Assets Ratio = Total debt / Total assets
2.) Debt-to-Capital Ratio = Total debt / (Total debt + Total equity) or = Total debt / Total asset
3.) Debt-to-Equity Ratio = Total debt / Total equity
image text in transcribed
September 30, 2020 2019 (In millions) $ 3,018.5 5 1,494.3 21.6 19.7 3,040.1 1.514.0 5,984.1 6,171.8 53.2 28.3 12.237.4 1,529.0 5.245.0 5,939.4 77.8 19.8 11,282.0 1,072.0 144.9 163.1 683.7 499.2 1.113.7 912.8 163.5 163.5 S 18,912,3 S 15,606.6 ASSETS Cash and cash equivalents Restricted cash Total cash, cash equivalents and restricted cash Inventories: Construction in progress and finished homes Residential land and lots - developed and under development Land held for development Land held for sale Total inventory Mortgage loans held for sale Deferred income taxes, net of valuation allowance of S7.5 million and $18.7 million at September 30, 2020 and 2019, respectively Property and equipment, net Other assets Goodwill Total assets LIABILITIES Accounts payable Accrued expenses and other liabilities Notes payable Total liabilities Commitments and contingencies (Note L) EQUITY Preferred stock, S. 10 par value, 30,000,000 shares authorized, no shares issued Common stock, 9.01 par value, 1,000,000,000 shares authorized, 394,741,349 shares issued and 363,999.982 shares outstanding at September 30, 2020 and 392,172,821 shares issued and 368,431,454 shares outstanding at September 30, 2019 Additional paid-in capital Retained earnings Treasury stock, 30.741,367 shares and 23,741,367 shares at September 30, 2020 and 2019, respectively, at cost Stockholders' equity Noncontrolling interests Total equity Total liabilities and equity S 900.5 $ 1.607.0 4,283.3 6,790,8 634.0 1.278.1 3,399.4 5,311.5 3.9 3.240.9 9,757.8 3.9 3.179.1 7.640.1 (1.162.6) (802.2) 11,840.0 10.020.9 281.5 274.2 12.121.5 10,295.1 $ 18,912 3 $ 15,606.6

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

Recommended Textbook for

Financial Regulation In The Global Economy

Authors: Richard J. Herring , Robert E. Litan

1st Edition

0815791550, 9780815752837, 9780815791553

More Books

Students also viewed these Finance questions