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QUESTION 8 Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt to tangible net worth ratio, using total financial debt

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QUESTION 8 Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt to tangible net worth ratio, using total financial debt in the numerator. Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. $174 $276 $305 $432 Cash Short-term investments Accounts receivable Inventory Other current assets Fixed assets (net) Intangible assets Long-term investments Total assets $237 $1,161 $296 $334 $3,014 $91 Short-term debt Accounts payable Accrued liabilities Other current liabilities Long-term debt Other long-term liabilities Total liabilities Stockholders' equity $230 $177 $143 $754 $141 $1,664 $1,655

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