Question
Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions): Creativity Crafts Fun Projects, Inc. Total liabilities, 2019
Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions):
Creativity Crafts Fun Projects, Inc.
Total liabilities, 2019 $47,940 $38,190
Total liabilities, 2018 54,160 45,070
Total assets, 2019 87,830 64,530
Total assets, 2018 82,350 61,610
Revenue, 2019 230,200 122,550
Net income, 2019 4,200 2,360
what is the 2019 debt-to-total assets ratio for Fun Projects, Inc.?
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The debttototal assets ratio measures the proportion of a companys total assets that are finance...
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-0538473484, 538473487, 978-1111879044
