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Calculate the debt to assets ratio

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Reference no: EM132450300

Problem - The 2017 financial statements of Crane Company contain the following selected data (in millions).

Current assets $87

Total assets 171

Current liabilities 54

Total liabilities 62

Cash 5

Interest expense 5

Income taxes 8

Net income 13

Required - Calculate the debt to assets ratio (rounded)?

i) 2.76%.

ii) 8.1 times.

iii) 36.3%.

iv) 62.1%.

Reference no: EM132450300

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