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I cant seem to calculate debt to asset ratio

I cant seem to calculate debt to asset ratio

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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