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%
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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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- Whitten Corporation's balance sheet shows the following amounts: current assets, $200,000; current liabilities, $80,000; bonds payable, $155,000; and lease obligations, $25,000. Total stockholders' equity is $120,000. Calculate the debt to equity ratio. Round your answer to two decimal placesA company's balance sheet showed the following amounts for liabilities and stockholders' equity accounts: Current Liabilities, $50,000; Bonds Payable, $600,000; Long-Term Lease Obligations, $120,000; and Deferred Income Tax Liability, $20,000. Total stockholders' equity was $520,000. What is the debt to equity ratio?Watterson Corporation's balance sheet showed the following amounts: Current Liabilities, $70,000; Bonds Payable, $150,000; and Lease Obligations, $20,000. Total stockholders' equity was $90,000. Calculate the debt-to-equity ratio.
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