Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2021, and August 31, 2020 (in $ thousands): 2020 $398,975 $360,597 3,457,642 3,610,285 Current liabilities 552,347 549,340 Non-current liabilities. 2,083,907 2,373,123 Current assets Non-current assets (a) 2021 Your answer is incorrect. Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%.) 2021 2020
Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2021, and August 31, 2020 (in $ thousands): 2020 $398,975 $360,597 3,457,642 3,610,285 Current liabilities 552,347 549,340 Non-current liabilities. 2,083,907 2,373,123 Current assets Non-current assets (a) 2021 Your answer is incorrect. Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%.) 2021 2020
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2021, and August 31, 2020 (in $
thousands):
Current assets
Non-current assets
Current liabilities
Non-current liabilities 2,083,907
(a)
2021
$398,975
3,457,642
Debt to total assets ratio
552,347
Your answer is incorrect.
2020
$360,597
3,610,285
549,340
2,373,123
Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%.)
2021
%
2020
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1560fc4-c12a-4da4-b069-6c844e0f74d6%2F53261af1-27bc-4a56-81b4-bb85bdf2bdd0%2Frpc4igr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Corus Entertainment Inc. reported the following selected information for the years ended August 31, 2021, and August 31, 2020 (in $
thousands):
Current assets
Non-current assets
Current liabilities
Non-current liabilities 2,083,907
(a)
2021
$398,975
3,457,642
Debt to total assets ratio
552,347
Your answer is incorrect.
2020
$360,597
3,610,285
549,340
2,373,123
Calculate the debt to total assets ratio for each year. (Round ratio to 1 decimal place, e.g. 5.2%.)
2021
%
2020
%
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