Question: Consider this simplified balance sheet for Geomorph Trading. What is the ratio of total long-term debt to total long-term capital? Current assets $130 Current liabilities $75 Long-term assets $530 Long-term debt 265 Other liabilities 100 Equity 220 $660 $660

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section: Chapter Questions
Problem 3bM
icon
Related questions
Question

General Finance

Question:
Consider this simplified balance sheet for Geomorph
Trading. What is the ratio of total long-term debt to
total long-term capital?
Current assets $130 Current liabilities $75
Long-term assets $530 Long-term debt 265
Other liabilities
100
Equity
220
$660
$660
Transcribed Image Text:Question: Consider this simplified balance sheet for Geomorph Trading. What is the ratio of total long-term debt to total long-term capital? Current assets $130 Current liabilities $75 Long-term assets $530 Long-term debt 265 Other liabilities 100 Equity 220 $660 $660
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning