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In 2018 a company reported the following (in millions of dollars): Net Sales - $11.87 Cost of Goods Sold: $2.45 Income Taxes: $1.27 As of
In 2018 a company reported the following (in millions of dollars):
Net Sales - $11.87
Cost of Goods Sold: $2.45
Income Taxes: $1.27
As of December 31, 2018 the company had $0.77 in cash and securities, $1 in accounts receivable, and $1.83 in inventory.
It owed $1.12 in current liabilities and $2.47 in long-term debt.
Calculate the debt to asset ratio.
Enter the answer as a percentage, without the % symbol. Maintain 2 places after the decimal point. For example, 0.1234 must be entered as 12.34.
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