Question
The company has current liabilities of $530,000 , long-term liabilities of $1,000,000 , total assets of $2,400,000 , and stockholders equity is
The company has current liabilities of $530,000
, long-term liabilities of $1,000,000
, total assets of $2,400,000
, and stockholders equity is $870,000. What is the company's debt to total assets ratio? (give the answer in percent with %
sign and round the answer to two decimal places).
Step by Step Solution
3.38 Rating (164 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the companys debt to total assets ratio you ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App