Question
For accounting, thanks so much! 9. Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets 530,500
For accounting, thanks so much!
9. Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets 530,500 Current liabilities 15,200 Average assets 157,900 Total assets 135,000 Net income 542,600 Stockholders equity 79,200 Total liabilities 42,000 Average common shares outstanding was 15,600 A) 31% B) 59% C) 22% D) 9% #8 Using the following balance sheet and income statement data, what is the current ratio? Current assets 534,000 Current liabilities 14,000 Average assets 157,700 Total assets 119,000 Total income 542,700 Stockholders equity 77,600 Total liabilities 42,700 Average common shares outstanding was 15700 A) 0.4:1 B) 2.7:1 C) 2.4:1 D) 2.8:1
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