I cant seem to calculate debt to asset ratio

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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I cant seem to calculate debt to asset ratio

Comparative financial statement data for Sandhill Corporation and Monty Corporation, two competitors, appear below. All balance
sheet data are as of December 31, 2022.
Net sales
Cost of goods sold
Operating expenses
Interest expense
Income tax expense
Current assets
Plant assets (net)
Current liabilities
Long-term liabilities
Sandhill Corporation
2022
$2,160,000
1,410,000
339,600
10,800
102,000
445,704
638,400
79,590
130,200
Monty Corporation
2022
$744,000
408,000
117,600
4,560
43,200
190,157
167,674
40,459
48,821
Transcribed Image Text:Comparative financial statement data for Sandhill Corporation and Monty Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Sandhill Corporation 2022 $2,160,000 1,410,000 339,600 10,800 102,000 445,704 638,400 79,590 130,200 Monty Corporation 2022 $744,000 408,000 117,600 4,560 43,200 190,157 167,674 40,459 48,821
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