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In its most recent 10-K, Lyft, Inc. reported the following (in millions): Total liabilities $4,168 Total stockholders’ equity $389 The percentage of Lyft’s total assets financed by owners of the firm is closest to: Group of answer choices 8.5% 37.1%. 91.5%

In its most recent 10-K, Lyft, Inc. reported the following (in millions): Total liabilities $4,168 Total stockholders’ equity $389 The percentage of Lyft’s total assets financed by owners of the firm is closest to: Group of answer choices 8.5% 37.1%. 91.5%

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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Question

In its most recent 10-K, Lyft, Inc. reported the following (in millions):

Total liabilities

$4,168

Total stockholders’ equity

$389

The percentage of Lyft’s total assets financed by owners of the firm is closest to:

Group of answer choices
8.5%
37.1%.
91.5%
 
 
 
Expert Solution
Step 1

TOTAL DEBT TO  TOTAL ASSETS RATIO 

The Total Debt to Total Assets Ratio is calculated by dividing a Organization total Amount of Debt by the Organisation total Amount of Assets.

Total Debt Includes (Non Current Liabilities + Current Liabilities)

Total Assets Includes (Non Current Assets + Current Assets)

Total Debt to Assets Ratio is Computed :—

= Total Debt ÷ Total Assets 

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