The 2023 Accounting statements of Evergreen Corporation contain the following selected data (in millions): Current assets: $95 Total assets: $220 Current liabilities: $58 Total liabilities: $110 Cash: $12 Interest expense: $8 Income taxes: $15 Net income: $27 The debt to assets ratio is: a. 26.4% b. 50.0% c. 61.1% d. 44.5%

The 2023 Accounting statements of Evergreen Corporation contain the following selected data (in millions): Current assets: $95 Total assets: $220 Current liabilities: $58 Total liabilities: $110 Cash: $12 Interest expense: $8 Income taxes: $15 Net income: $27 The debt to assets ratio is: a. 26.4% b. 50.0% c. 61.1% d. 44.5%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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