Calculate Debt/(Debt + Equity) and Liabilities/Assets for Dec 2018 and 2019. Dec 31 2018 Dec-31-2019 Debt / (Debt + Equity) Liabilities / Assets
Calculate Debt/(Debt + Equity) and Liabilities/Assets for Dec 2018 and 2019. Dec 31 2018 Dec-31-2019 Debt / (Debt + Equity) Liabilities / Assets
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Calculate Debt/(Debt + Equity) and Liabilities/Assets for Dec 2018 and 2019.
| Dec 31 2018 | Dec-31-2019 | |
| Debt / (Debt + Equity) | ||
| Liabilities / Assets |
Transcribed Image Text:Dec 31 2018
Dec-31-2019
Currency
Million USD
Million USD
ASSETS
Cash and Short Term Investments
2.5
2.1
Accounts Receivable
3.2
2.1
Other Currrent Assets
5.3
6.2
Current Assets
11.0
10.4
Property, Plant and Equipment
Intangible Assets
23.0
28.7
15.3
17.0
Other Assets
2.1
3.2
Total Assets
51.4
59.3
LIABILITIES
Accounts Payable
Accrued Exp.
7.2
8.4
1.3
2.3
Short-term debt
3.5
3.6
Total Current Liabilities
12.0
14.3
Long-term debt
27.2
31.0
Other liabilities
1.1
2.1
Total Liabilities
40.3
47.4
Market capitalization
15.3
17.8
Total Debt
30.7
34.6
Cash and short-term investments
2.5
2.1
Enterprise Value
43.5
50.3
Compute the company's leverage ratio in 2018 and 2019 using the two ratios that we
focused on in the course (keep 2 demimal points).
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