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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
%
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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