Question
The 2017 financial statements of Cullumber Company contain the following selected data (in millions). Current assets$79Total assets147Current liabilities40Total liabilities70Cash9Interest expense7Income taxes8Net income15The debt to assets
The 2017 financial statements of Cullumber Company contain the following selected data (in millions).
Current assets$79Total assets147Current liabilities40Total liabilities70Cash9Interest expense7Income taxes8Net income15The debt to assets ratio (rounded) is
2.10%.
47.6%.
50.6%.
6.4 times.
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Managerial Accounting
Authors: James Jiambalvo
6th edition
9781119158226, 111915801X, 1119158222, 978-1119158011
