If a company has total assets of $100,000, current assets of $20,000, total abilities of $60,000, current liabilities of $10,000, and total stockholders' equity
If a company has total assets of $100,000, current assets of $20,000, total abilities of $60,000, current liabilities of $10,000, and total stockholders' equity of $40,000, what is its debt to assets ratio? Multiple Choice 10% 80% O 60% 40%
Step by Step Solution
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Step: 1
To find the debt to assets ratio well use the following formula ...
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Step: 2
Step: 3
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Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
16th edition
978-0133058819, 9780133059748, 133058816, 133058786, 013305974X , 978-0133058789
