Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J. Cox, Inc. Total
Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions):
Dils Brothers Co. | J. Cox, Inc. | |
Total liabilities, 2016 | $70,914 | $25,461 |
Total liabilities, 2015 | 72,208 | 60,092 |
Total assets, 2016 | 100,372 | 73,744 |
Total assets, 2015 | 94,114 | 70,416 |
Revenue, 2016 | 306,932 | 163,040 |
Net income, 2016 | 280 | 1,572 |
To the nearest hundredth, what is the 2016 debt-to-total assets ratio for J. Cox, Inc.?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started