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? %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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**Debt-to-Total-Assets Ratio**

Ruby Company’s balance sheet reports the following totals: 
- Assets = $40,000
- Liabilities = $25,000
- Stockholders’ Equity = $15,000

**Question:** What is the company’s debt-to-total-assets ratio?

**Note:** Round the answer to one decimal place (e.g., 60.8%).

(An empty box is provided for users to input their answer in percentage form.)
Transcribed Image Text:**Debt-to-Total-Assets Ratio** Ruby Company’s balance sheet reports the following totals: - Assets = $40,000 - Liabilities = $25,000 - Stockholders’ Equity = $15,000 **Question:** What is the company’s debt-to-total-assets ratio? **Note:** Round the answer to one decimal place (e.g., 60.8%). (An empty box is provided for users to input their answer in percentage form.)
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