Question
Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $36500 Net income $42100 Current liabilities 14800
Using the following balance sheet and income statement data, what is the debt to assets ratio?
| Current assets | $36500 | Net income | $42100 | |
|---|---|---|---|---|
| Current liabilities | 14800 | Stockholders' equity | 76600 | |
| Average assets | 162100 | Total liabilities | 56030 | |
| Total assets | 130000 |
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Glomont Auditing And Attestation AICPA Released Questions CPA Exam Review 2022
Authors: Glomont, American Institute Of Certified Public Accountants, AICPA
1st Edition
B0BF31GQMC, 979-8353524045
