Question
Chocuer Company presented the following data at the end of 2016: Current liabilities $ 300,000 Long-term debt 1,100,000 Deferred income taxes 400,000 Preferred stock 160,000
Chocuer Company presented the following data at the end of 2016:
| Current liabilities | $ 300,000 |
| Long-term debt | 1,100,000 |
| Deferred income taxes | 400,000 |
| Preferred stock | 160,000 |
| Common stock | 560,000 |
| Retained earnings | 540,000 |
Determine the debt-to-total assets ratio for Chocuer Company (rounded).
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The Human Resource Planning Audit
Authors: Peter Reilly
1st Edition
1907766111, 978-1907766114
