28 A company's most recent balance sheet depicts the following amounts: Current assets: $400,000 Long-term assets: $500,000 Current liabilities: $100,000 Long-term liabilities: $200,000 Stockholders' equity: $600,000 What is the company's debt-to-assets ratio, rounded to the nearest percent? 25% 33% 40% 50%

28 A company's most recent balance sheet depicts the following amounts: Current assets: $400,000 Long-term assets: $500,000 Current liabilities: $100,000 Long-term liabilities: $200,000 Stockholders' equity: $600,000 What is the company's debt-to-assets ratio, rounded to the nearest percent? 25% 33% 40% 50%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...

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Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
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