Homework Answers
Debt to Assets Ratio =
TOTAL DEBT ÷ TOTAL ASSETS
Total debt = short debt+ long term debt
Total assets= Current assets + fixed assets
For the year 2019
Total Debt= Account payable+ short term debt + long term debt
Total debt = $572 + $81 +$ 23 = $676
Total Assets =cash&cash equivalents+Account receivables+ inventory + other current assets + property, plant& equipment (net) + other fixed assets
Total assets =$176 +$593 +$769 +$106 +$2720 +$167
= $4531
Debt to assets Ratio= total debt÷ total assets
=$676 ÷ $4531
= 0.1491
_____×____
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The question is: What is the total debt-to-assets ratio for
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