Question
The 2017 financial statements of Oriole Company contain the following selected data (in millions). Current assets$84 Total assets173 Current liabilities 30Total liabilities81 Cash9 Interest expense5
The 2017 financial statements of Oriole Company contain the following selected data (in millions).
Current assets$84
Total assets173
Current liabilities
30Total liabilities81
Cash9
Interest expense5
Income taxes9
Net income17
The debt to assets ratio (rounded) is
46.8%.
2.14%.
35.7%.
6.7 times.
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby, Brandy Mackintosh
4th Canadian edition
978-1259269868, 978-1259103292
