Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Ethics

Authors: Iris Stuart

1st Edition

1118542401, 9781118542408

More Books

Students also viewed these Accounting questions

Question

Discuss various types of training methods.

Answered: 1 week ago

Question

Illustrate the value of different types of employment tests.

Answered: 1 week ago

Question

Outline key considerations when making a hiring decision.

Answered: 1 week ago