In its 2016 annual report, Kohl's Corporation reported the following (in millions): Total assets $13,574 Total stockholders' equity $5,177 Total liabilities $8,397 What proportion of Kohl's Corporation is financed by non owners? A. 61.9% B. 44.2% C. 53.5% D. 77% E. None of the above

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 1PEB: Brower Co. is considering the following alternative financing plans: Income tax is estimated at 40%...
icon
Related questions
Question

General Finance

In its 2016 annual report, Kohl's Corporation reported the
following (in millions):
Total assets
$13,574
Total stockholders' equity $5,177
Total liabilities
$8,397
What proportion of Kohl's Corporation is financed by non
owners?
A. 61.9%
B. 44.2%
C. 53.5%
D. 77%
E. None of the above
Transcribed Image Text:In its 2016 annual report, Kohl's Corporation reported the following (in millions): Total assets $13,574 Total stockholders' equity $5,177 Total liabilities $8,397 What proportion of Kohl's Corporation is financed by non owners? A. 61.9% B. 44.2% C. 53.5% D. 77% E. None of the above
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781337272124
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Income Tax Fundamentals 2020
Income Tax Fundamentals 2020
Accounting
ISBN:
9780357391129
Author:
WHITTENBURG
Publisher:
Cengage
Financial Reporting, Financial Statement Analysis…
Financial Reporting, Financial Statement Analysis…
Finance
ISBN:
9781285190907
Author:
James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:
Cengage Learning
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning