Malibu Inc. reported the following (in millions) on its year-end balance sheet: Total liabilities $4,086. Total shareholders’ equity $2,528.2 What proportion of Malibu Inc. is financed by nonowners? a. 38.2% b. 61.9% c. 61.8% d. 78.6%
Malibu Inc. reported the following (in millions) on its year-end balance sheet: Total liabilities $4,086. Total shareholders’ equity $2,528.2 What proportion of Malibu Inc. is financed by nonowners? a. 38.2% b. 61.9% c. 61.8% d. 78.6%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Malibu Inc. reported the following (in millions) on its year-end
a. 38.2%
b. 61.9%
c. 61.8%
d. 78.6%
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