Question
Calculate the debt to total assets ratio? For the year 2020 and 2019 Explain the results? 2020 2019 Total assets $ 301,311 $ 286,55 6
Calculate the debt to total assets ratio? For the year 2020 and 2019
Explain the results?
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| 2020 |
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| 2019 |
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Total assets |
| $ | 301,311 |
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| $ | 286,55 6 |
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Liabilities and stockholders equity |
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Current liabilities: |
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Accounts payable |
| $ | 12,530 |
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| $ | 9,382 |
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Current portion of long-term debt |
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| 3,749 |
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| 5,516 |
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Accrued compensation |
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| 7,874 |
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| 6,830 |
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Short-term income taxes |
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| 2,130 |
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| 5,665 |
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Short-term unearned revenue |
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| 36,000 |
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| 32,676 |
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Other current liabilities |
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| 10,027 |
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| 9,351 |
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Total current liabilities |
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| 72,310 |
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| 69,420 |
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Long-term debt |
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| 59,578 |
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| 66,662 |
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Long-term income taxes |
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| 29,432 |
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| 29,612 |
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Long-term unearned revenue |
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| 3,180 |
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| 4,530 |
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Deferred income taxes |
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| 204 |
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| 233 |
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Operating lease liabilities |
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| 7,671 |
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| 6,188 |
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Other long-term liabilities |
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| 10,632 |
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| 7,581 |
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Total liabilities |
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| 183,007 |
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| 184,226 |
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Commitments and contingencies |
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Stockholders equity: |
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Common stock and paid-in capital shares authorized 24,000; outstanding 7,571 and 7,643 |
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| 80,552 |
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| 78,520 |
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Retained earnings |
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| 34,566 |
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| 24,150 |
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Accumulated other comprehensive income (loss) |
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| 3,186 |
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| (340 | ) |
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Total stockholders equity |
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| 118,304 |
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| 102,330 |
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Total liabilities and stockholders equity |
| $ | 301,311 |
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| $ | 286,556 |
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