Question
Intel Corporation reported total assets of $1,000,000,000 and total liabilities of $500,000,000. Its equity consists of $400,000,000 in common stock and $100,000,000 in retained earnings.
Intel Corporation reported total assets of $1,000,000,000 and total liabilities of $500,000,000. Its equity consists of $400,000,000 in common stock and $100,000,000 in retained earnings. Calculate the debt ratio for Intel Corporation.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
