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On December 31, 2021, a company had assets of $16 billion and stockholders' equity of $11 billion. That same company had assets of $20 billion
On December 31, 2021, a company had assets of $16 billion and stockholders' equity of $11 billion. That same company had assets of $20 billion and stockholders' equity of $12 billion as of December 31, 2022. During 2022, the company reported total sales revenue of $24 billion and total expenses of $22 billion. What is the company's debt-to-assets ratio on December 31, 2022? Multiple Choice 0.30 0.06 0.40 0.03
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