I cant seem to calculate debt to asset ratio
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I cant seem to calculate debt to asset ratio

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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