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
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 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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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
