What is the debt to assets ratio

Assignment Help Accounting Basics
Reference no: EM131670778

Question - The 2017 financial statements of Blossom Company contain the following selected data (in millions)

Current assets $76

Total assets 175

Current liabilities 43

Total liabilities 82

Cash 7

Interest expense 5

Income taxes 10

Net income19

What is the debt to assets ratio?

a) 2.13%.

b) 6.0 times.

c) 46.9%.

d) 56.6%.

Reference no: EM131670778

Questions Cloud

Probability of lack of role models was a barrier : In a study undertaken by Catalyst, 43% of women senior executives agreed or strongly agreed that a lack of role models was a barrier to their career development
How many of each product must be sold to break even : Juicy Fruits produces four different kinds of fruit chewing gum: grape, strawberry, lime, and cherry. How many of each product must be sold to break even
Discussion on us intelligence community : Discussion on US intelligence community. Precision-Specific question is addressed. Statements, facts, and statistics are specific and accurate.
Journalize the adjusting entry at december : If Sheridan Company uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31
What is the debt to assets ratio : The 2017 financial statements of Blossom Company contain the following selected data (in millions), What is the debt to assets ratio
Calculate the expected percentage change in profit : Calculate the expected percentage change in profit for a 10 percent increase (or for a 10 percent decrease) in sales for each company
What is the current break-even point in sales dollars : What is the current break-even point in sales dollars? Briefly describe one strength and one weakness of both the automation
Probability-accountant does not purchase computer software : The accountant does not purchase his computer software by mail order direct given that he does purchase his computer hardware by mail order direct.
What are books used books net sales : During September 2014, books used books had sales of 225,000 and sales discount or 5,000, What are books used books net sales

Reviews

Write a Review

Accounting Basics Questions & Answers

  George co leased equipment to shapiro co on july 1 2014 and

george co. leased equipment to shapiro co. on july 1 2014 and properly recorded the sales-type lease at 64682 the

  Four-stage creative process to resolve problems

Chapter 5 of the course textbook proposes a four-stage creative process to resolve problems and issues (pages 99-101). Apply the four-stage process to the following scenario:

  Prepare a statement of cash flows for aspen inc for the

nbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbspnbsp

  On january 1 able company purchased equipment costing

on january 1 able company purchased equipment costing 202200 with an estimated salvage value of 15800 and an estimated

  Funds to invest at discount rate

A company has unlimited funds to invest at its discount rate. The company should invest in all projects having:

  Dolce co estimates its sales at 180000 units in the first

1 dolce co. estimates its sales at 180000 units in the first quarter and that sales will increase by 18000 units each

  Analyzing and comparing two large corporations

Research Project you will be analyzing and comparing two large Corporations - examination of the Lowes and Home Depot 10-Ks.

  Macrs depreciation schedule

The project has an initial cost of $1,000,000 (machine: $800,000, insurance: $40,000, shipping $60,000, modification: $100,000) --this is also the amount which can be depreciated using the following 3 year MACRS depreciation schedule:

  What is a petty cash receipt

Some of Chester Company's cash receipts from customers are received by the company with the regular mail. Chester's recordkeeper opens these letters.

  Simplistic terms or using a published analysis

You could also attempt an analysis of the company in simplistic terms or using a published analysis (e.g. from the Financial Times or elsewhere) comment on it. These sorts of exercises lend themselves to group work by students and group presentatio..

  Compute interest and find the maturity date

Compute interest and find the maturity date for the following notes.

  How should kenny respond to joe

Kenny Sain, a business major, is working on a case problem for one of his classes. In the case problem, the company needs to raise cash to market a new product it developed.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd