Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Data from the financial statements of Kroger King and SuperDeal, Inc., are presented below (in millions): Kroger King SuperDeal, Inc. Total liabilities, 2019 $20,261 $13,549
Data from the financial statements of Kroger King and SuperDeal, Inc., are presented below (in millions):
Kroger King | SuperDeal, Inc. | |
---|---|---|
Total liabilities, 2019 | $20,261 | $13,549 |
Total liabilities, 2018 | 18,052 | 15,023 |
Total assets, 2019 | 25,093 | 16,436 |
Total assets, 2018 | 23,257 | 17,604 |
Revenue, 2019 | 76,733 | 40,851 |
Net income, 2019 | 70 | 393 |
To the nearest hundredth, what is the 2019 debt-to-total-assets ratio for SuperDeal, Inc.?
Select one:
a. 4.96
b. 0.21
c. 0.79
d. 4.69
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