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On December 31, 2018, a company had assets of $36 billion and stockholders' equity of $32 billion. That same company had assets of $48 billion
On December 31, 2018, a company had assets of $36 billion and stockholders' equity of $32 billion. That same company had assets of $48 billion and stockholders' equity of $10 billion as of December 31, 2019. During 2019, the company reported total sales revenue of $29 billion and total expenses of $27 billion. What is the company's debt-to-assets ratio on December 31, 2019? Multiple Choice 0.79 0.21 0.056 0.058
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