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Current assets | $125 Total assets | $280 Current liabilities | $65 Total liabilities |$112 Cash | S15 Interest expense | $8 Income taxes | $12 Net income | $28 The debt to assets ratio is: a. 35.7% b. 40.0% c. 52.0% d. 4.5 times

Current assets | $125 Total assets | $280 Current liabilities | $65 Total liabilities |$112 Cash | S15 Interest expense | $8 Income taxes | $12 Net income | $28 The debt to assets ratio is: a. 35.7% b. 40.0% c. 52.0% d. 4.5 times

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hello tutor please provide this question solution general accounting

Current assets | $125 Total assets | $280 Current liabilities | $65 Total liabilities |$112 Cash | S15 Interest expense | $8 Income taxes | $12 Net income | $28 The debt to assets ratio is: a. 35.7% b. 40.0% c. 52.0% d. 4.5 times
Transcribed Image Text:Current assets | $125 Total assets | $280 Current liabilities | $65 Total liabilities |$112 Cash | S15 Interest expense | $8 Income taxes | $12 Net income | $28 The debt to assets ratio is: a. 35.7% b. 40.0% c. 52.0% d. 4.5 times
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