Current Attempt in Progress Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $31500 Net income $41100 Stockholders' Current liabilities 15400 79400 equity Average assets 162500 Total liabilities 42300 Total assets 114000 Average common shares outstanding was 15500. O 37 percent O 70 percent O 15 percent O 28 percent Attem

Current Attempt in Progress Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $31500 Net income $41100 Stockholders' Current liabilities 15400 79400 equity Average assets 162500 Total liabilities 42300 Total assets 114000 Average common shares outstanding was 15500. O 37 percent O 70 percent O 15 percent O 28 percent Attem

Name: View PoliciesCurrent Attempt in ProgressUsing the following balance s
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Description: View PoliciesCurrent Attempt in ProgressUsing the following balance sheet and income statement data, what is the debt to assets ratio?Current assets$31500Net income$41100Stockholders'Current liabilities1540079400equityAverage assets162500Total liabi

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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View Policies
Current Attempt in Progress
Using the following balance sheet and income statement data, what is the debt to assets ratio?
Current assets
$31500
Net income
$41100
Stockholders'
Current liabilities
15400
79400
equity
Average assets
162500
Total liabilities
42300
Total assets
114000
Average common shares outstanding was 15500.
37 percent
O 70 percent
O 15 percent
O 28 percent
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Debt to total assets ratio means ratio of total liabilities with total assets of the business.

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