What is the debit to asset ratio? The following information is available from the most recent financial statements of the Attaché Corporation:Total Assets$ 800,000Net Income120,000Average total liabilities400,000Sales revenue1,500,000Total liabilities500,000Average total assets700,000What is the debt-to-asset ratio?Multiple Choice571%662.5%48 of 50Next >

Debt to asset ratio = Total liabilities/Total assets x 100

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EBK CFIN

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Author:BESLEY

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Chapter12: Capital Structure

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Ee.12.
ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…
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The following information is available from the most recent financial statements of the Attaché Corporation: Total Assets $ 800,000 Net Income 120,000 Average total liabilities 400,000 Sales revenue 1,500,000 500,000 Total liabilities Average total assets 700,000 What is the debt-to-asset ratio?