Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2018, and August 31, 2017 (in $millions):2018$507,5804,375,374Current assetsNon-current assetsCurrent liabilitiesNon-current liabilities 2,682,839523,312Debt to total assets ratio2017$525,4025,542,442603,9522,864,371Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%)2018%2017Was the company's solvency stronger or weaker in 2018 compared with 2017?%

Name: Corus Entertainment Inc. reported the following selected information
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Description: Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2018, and August 31, 2017 (in $millions):2018$507,5804,375,374Current assetsNon-current assetsCurrent liabilitiesNon-current liabilities 2,682,839523

Debt is important source of finance for the companies but debt should be within limit but debt…

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Accounting

Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2018, and August 31, 2017 (in $ millions): 2018 $507,580 4,375,374 Current assets Non-current assets Current liabilities 523,312 Non-current liabilities 2,682,839 Dabu 2017 $525,402 5,542,442 603,952 2,864,371 Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%) 2018 2017

Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2018, and August 31, 2017 (in $ millions): 2018 $507,580 4,375,374 Current assets Non-current assets Current liabilities 523,312 Non-current liabilities 2,682,839 Dabu 2017 $525,402 5,542,442 603,952 2,864,371 Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%) 2018 2017

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2018, and August 31, 2017 (in $
millions):
2018
$507,580
4,375,374
Current assets
Non-current assets
Current liabilities
Non-current liabilities 2,682,839
523,312
Debt to total assets ratio
2017
$525,402
5,542,442
603,952
2,864,371
Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%)
2018
%
2017
Was the company's solvency stronger or weaker in 2018 compared with 2017?
%

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