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Using the following balance sheet and income statement data, what is the debt to assets ratio?
a.Current assets $36500
b.Net income $42800 Current liabilities 15000
c.Stockholders' equity 75400 Average assets 161900
d.Total liabilities 43300 Total assets 130000
e.Average common shares outstanding was 16400.

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hyderali230

Answer:

Debt to Asset Ratio 0.3331 or 33.31%

Explanation:

Debt to Asset Ratio = Total Debt / Total Assets

Debt to Asset Ratio = Total Liabilities  / Total Assets

Debt to Asset Ratio = 43,300 / 130,000

Debt to Asset Ratio = 0.3331 = 33.31%

d.Total liabilities 43300 Total assets 130000 is used to calculate Debt to total asset ratio.

* I am not sure that in the question given the a, b,c,d and e

1. are the option to choose

or

2. this is all the data to calculate debt to total asset equity.

In cash Condition 1.

Answer is " d.Total liabilities 43300 Total assets 130000 "

In cash Condition 2.

Answer is " 0.3331 or 33.31% "

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