The debt to assets ratio ? General accounting The 2017 financial statements of Blossom Company contain thefollowing selected data (in millions).Current assets$76Total assets175Current liabilities 43Total liabilitiesCash827Interest expense 5Income taxesNet income1019The debt to assets ratio is:a. 46.9%.b. 2.13%.c. 56.6%.d. 6 times.

Step 1: Definition of Debt-to-Assets RatioThe debt-to-assets ratio is a solvency ratio that measures…

Answered: The 2017 financial statements of…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 23MCQ

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The debt to assets ratio ?
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Debt to assets ratio on these accounting question
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5. Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Asset Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%)*
Data from the financial statements of Kroger King and SuperDeal Inc., are presented below (in millions): SuperDeal, Inc. $14,549 18,436 40,851 393 Total liabilities, 2013 Total assets, 2013 Revenue, 2013 Net income, 2013 To the nearest hundredth, what is the 2013 debt-to-total-assets ratio for SuperDeal, Inc.? 4.69 0.79 0.21 Kroger King $18,261 23,093 76,733 70 O 4.96
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What is the debit to asset ratio?
The current ratio for the following is ..... Group of answer choices .43 .23 .73 .53
Accounting...charger company's most...
Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…
Selected information from the comparative financial statements of AppleVerse Company for the year ended December 31 appears below: 2018 2017 Php Php Accounts receivable (net) 175,000 200,000 Inventory 130,000 150,000 Total assets 1,100,000 800,000 Current liabilities 140,000 110,000 Long-term debt 410,000 300,000 Net credit sales 800,000 700,000 Cost of goods sold 600,000 530.000 Interest expense 40.000 25,000 Income tax expense 60.000 29,000 Net income 150.000 85,000 Net cash provided by operating 220,000 135,000 activities Compute for the Receivables Turnover for 2018. O 2.13 O 4.27 O 5.95 O 3.23

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