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The 2017 financial statements of Sandhill Co. contain the following selected data (in millions). Current assets $93 Total assets 153 Current liabilities 54 Total liabilities
The 2017 financial statements of Sandhill Co. contain the following selected data (in millions).
| Current assets | $93 |
| Total assets | 153 |
| Current liabilities | 54 |
| Total liabilities | 68 |
| Cash | 4 |
| Interest expense | 4 |
| Income taxes | 9 |
| Net income | 17 |
The debt to assets ratio (rounded) is
| 58.1%. |
| 2.25%. |
| 5.9 times. |
| 44.4%. |
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
