Debt-to-Total-Assets Ratio Ruby Company's balance sheet reports the following totals: Assets = $40,000; Liabilities = $25,000; Stockholders' Equity = $15,000. %3D %3D What is the the company's debt-to-total-assets ratio? %

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 30BEB: Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of...
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Debt-to-Total-Assets Ratio
Ruby Company's balance sheet reports the following totals: Assets
Liabilities = $25,000; Stockholders' Equity = $15,000.
= $40,000;
%3D
What is the the company's debt-to-total-assets ratio?
%
Note: Round answer to one decimal place (ex: 60.8%)
Transcribed Image Text:Debt-to-Total-Assets Ratio Ruby Company's balance sheet reports the following totals: Assets Liabilities = $25,000; Stockholders' Equity = $15,000. = $40,000; %3D What is the the company's debt-to-total-assets ratio? % Note: Round answer to one decimal place (ex: 60.8%)
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