Using the following balance sheet and income statement data, what is the debt to assets ratio?$2$Current assetsNet income2700042200Stockholders'Current liabilities1520079200equityAverage assets161700Total liabilities41400Total assets127000Average common shares outstanding was 16300.O 24 percent62 percent33 percentO 11 percent

Debt to assets ratio means ratio between total debt and total assets in the business.

Answered: Using the following balance sheet and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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View Policies Current Attempt in Progress Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $31500 Net income $41100 Stockholders' Current liabilities 15400 79400 equity Average assets 162500 Total liabilities 42300 Total assets 114000 Average common shares outstanding was 15500. 37 percent O 70 percent O 15 percent O 28 percent Attempts: 0 of 1 used Save for Later
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