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Do not copy from Chegg, otherwise, I have to report the answer. The 2017 financial statements of Sandhill Co. contain the following selected data (in
Do not copy from Chegg, otherwise, I have to report the answer.
The 2017 financial statements of Sandhill Co. contain the following selected data (in millions).
Current assets -$93
Total assets -153
Current liabilities - 54
Total liabilities- 68
Cash- 4
Interest expense- 4
Income taxes -9
Net income -17
The debt to assets ratio (rounded) is -
58.1%.
2.25%.
5.9 times.
44.4%.
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