Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
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Transcribed Image Text:Balance sheet
2010
2011
2010 2011
Cash
4,600 3,800
Accounts payable 16,200 17,100
Accounts receivable 10,200 9,700
Long-term debt 36,000 33,400
Inventory
18,900 20,300
Common stock
14,000 20,000
Net fixed asset
41,400 42,100
Retained earning 8,900 5,400
Total asset
75,100 75,900
Total claim
75,100 75,900
Income statement 2011
Net sales
61,600
Cost
48,900
Depreciation
7,800
EBIT
4,900
Interest
2,500
EBT
2,400
Taxes
800
Net income
1,600
What is the firm's total debt ratio for 2011 using the above financial statements?
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