Question
The 2017 financial statements of Pharoah Company contain the following selected data (in millions). Current assets $92 Total assets 145 Current liabilities 33 Total liabilities
The 2017 financial statements of Pharoah Company contain the following selected data (in millions).
Current assets $92
Total assets 145
Current liabilities 33
Total liabilities 62
Cash 5
Interest expense 6
Income taxes 12
Net income 17
The debt to assets ratio (rounded) is
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Financial Accounting Fundamentals
Authors: John Wild, Ken Shaw, Barbara Chiappetta
6th edition
1259726916, 978-1259726910
