The following information was drawn from the accounting records of Woo Company. Current assets $ 62,000 Long-term
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The following information was drawn from the accounting records of Woo Company.
| Current assets | $ | 62,000 | |
| Long-term assets | 510,000 | ||
| Current liabilities | 48,000 | ||
| Long-term liabilities | 260,000 | ||
| Stockholders' Equity | 345,000 | ||
| Net Income | 68,000 | ||
Based on this information, the company's debt to assets ratio is:
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Related Book For 
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
Posted Date:
