Question
Multiple Choice Question 210 The 2017 financial statements of Cullumber Company contain the following selected data (in millions). Current assets $99 Total assets 175 Current
The 2017 financial statements of Cullumber Company contain the following selected data (in millions).
Current assets $99
Total assets 175
Current liabilities 41
Total liabilities 76
Cash 7
Interest expense 7
Income taxes 10
Net income 14
The debt to assets ratio (rounded) is
2.30%.
7.3 times.
43.4%.
41.4%
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
