Question
Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using total financial debt in the numerator. Present your answer
Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using total financial debt in the numerator. Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%.
Cash $122
Short-term investments $209
Accounts receivable $438
Inventory $515
Other current assets $171
Fixed assets (net) $1,027
Intangible assets $205
Long-term investments $316
Total assets $3,052
Short-term debt $161
Current portion of long-term debt $57
Accounts payable $259
Accrued liabilities $232
Other current liabilities $140
Long-term debt $516
Other long-term liabilities $100
Total liabilities $1,322
Stockholders equity $1,611
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