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Based on the following information, calculate the debt-to-assets ratio. Net sales revenue $900,000 Expenses $500,000 Interest $10,000 Income tax expense $90,000 Net cash from operations
Based on the following information, calculate the debt-to-assets ratio. Net sales revenue $900,000 Expenses $500,000 Interest $10,000 Income tax expense $90,000 Net cash from operations $290,000 Assets end of current year $600,000 Liabilities end of current year $100,000 Shareholders equity end of current year $500,000 Assets end of previous year $590,000 Shareholders equity end of previous year $490,000 Common shares outstanding 40,000 shares Current market price of shares $15 per share Multiple Choice 0.17 0.33 0.20 0.67
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