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QUESTION 2 Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt ratio, using total financial debt in the numerator. Present
QUESTION 2 Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt ratio, using total financial debt in the numerator. Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Cash $147 Short-term investments $280 Accounts receivable $346 Inventory $497 Other current assets $155 Fixed assets (net) $1,033 Intangible assets $206 Long-term investments $294 Total assets $2,976 Short-term debt Current portion of long-term debt Accounts payable Accrued liabilities Other current liabilities Long-term debt Other long-term liabilities Total liabilities Stockholders' equity $149 $90 $211 $245 $57 $639 $110 $1,149 $1,822
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