Question
Delta Corporation reports the following financial information for the fiscal year ending December 31, 20X7: Total Assets: $800 million Total Equity: $400 million Total Debt:
Delta Corporation reports the following financial information for the fiscal year ending December 31, 20X7:
- Total Assets: $800 million
- Total Equity: $400 million
- Total Debt: $200 million
Calculate Delta Corporation's debt-to-assets ratio and debt-to-equity ratio.
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
6th edition
0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237
