Vigo Vacations has $300 million in total assets, $7 million in notes payable, and $29 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number
Vigo Vacations has $300 million in total assets, $7 million in notes payable, and $29 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vigo Vacations has $300 million in total assets, $7 million in notes payable, and $29 million in long-term debt. What is the debt ratio? Do not round intermediate calculations. Round your answer to the nearest whole number.
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Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise. Under this analysis, different financial indicators are compared to evaluate the efficiency, liquidity, and profitability of the enterprise.
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