A firm has total assets of $2,000,000. It has $900,000 in long-term debt. The stockholders equity is
Question:
A) 45%
B) 40%
C) 55%
D) None of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
C 55 Calculation of Debt to Total Asset Ratio Current li...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Principles of Managerial Finance
ISBN: 978-1408271582
Arab World Edition
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Question Posted:
Students also viewed these Finance questions
-
Mohammed is a CPA who is engaged to perform a variety of services to both audit and non-audit clients. Most of his work involves financial statements audits for publicly traded companies, other large...
-
A firm has total revenues given by R(x) = 2800x-8x2-x3 dollars for x units of a product. Find the maximum revenue from sales of that product.
-
The Wilson Diversified Company has total assets of $130,000 at the end of 2007 and the following condensed income statement for 2007: Sales ............. $90,000 Operating expenses ...... (66,600)...
-
In Canada, Canadian teachers and bosses and HIGH AUTHORITY FIGURES are not FEARED but RESPECTED. In CANADA TEACHERS, bosses and AUTHORITY FIGURES encourage feedback, OPINIONS and ENGAGE in discuss....
-
Name mechanisms to improve web access for handheld devices. What is their common problem and what led finally to the development of WAP?
-
Items (a) through (d) are based on the following information: Required Answer the following multiple-choice questions: a. Sharkey's acid-test ratio as of December 31, 2009, is 1. 0.63. 2. 0.70. 3....
-
Using information provided in Table C.1, develop a table of speed of sound in ft/s as a function of elevation for U.S. standard atmosphere. Table C.1 Properties of the U.S. Standard Atmosphere (BG/EE...
-
Beck was the general manager of Chilkoot Lumber Co. Haines sold fuel to the company. To persuade Haines to sell on credit, Beck signed a paper by which he promised to pay any debt the lumber company...
-
A 16-year-old girl by the name of Jenny Foster was found hitch-hiking along the Adirondack Mountains Highway in upstate New York. Mr. David Sykes, a driver on the highway, stopped to pick up the...
-
Suppose there are three types of individuals: high productivity (HP), medium productivity (MP) and low productivity (LP). LP and MP workers amount for a proportion of sizes qL and qM of the entire...
-
The number of times interest charges are earned is computed as: a. Net income plus interest charges, divided by interest charges b. Income before income tax plus interest charges, divided by interest...
-
Although debt financing is usually the cheapest component of capital, it cannot be used to excess because A) Interest rates may change. B) The firm's stock price will increase and raise the cost of...
-
An aluminum nitrate solution is labeled 0.256 M. If 31.6 mL of this solution is diluted to a total of 65.1 mL, calculate the molarity of nitrate ion in the resulting solution.
-
Who is generally responsible for providing application specifications to the Application Developer?
-
Voice and Accountability captures perceptions of the extent to which a country's citizens are able to participate in selecting their government, as well as freedom of expression, freedom of...
-
Scientists think that someday, embryonic stem cells will become the basis for what's called regenerative medicine. The idea behind regenerative medicine is to take these "universal" cells and...
-
Your food service business has applied to a local bank for a $3 million loan. There is a 30% chance that the Olympics will come to your city next year, increasing your net profits from $2.5 million...
-
Robert also had a big day at the casinos and won $1,400. Over the year, he had substantiation for $1,700 in gambling losses. Assuming Robert is not self-employed, calculate any miscellaneous...
-
Find the extinction probability in the case where , the number of offsprings of a particle, has the second version of the geometric distribution as in Example 2-2.
-
CRUZ, INC. Comparative Balance Sheets December 31, 2015 CRUZ, INC. Income Statement For Year Ended December 31, 2015 Required Use the indirect method to prepare the cash provided or used from...
-
A risk _________ is a document that contains results of various risk management processes, and is often displayed in a table or spreadsheet format. a. management plan b. register c. breakdown...
-
How does accounting information assist management in measuring efficiency and effectiveness?
-
How is management accounting information a means to an end?
-
Why is- it important for accounting information to have the quality of integrity?
-
Could Arthur Murray have created language that would have avoided the application of impossibility of performance? What if Parker was not incapac-itated but that it was simply painful to dance after...
-
In the text's case on the county clerk and marriage licenses, whatare the ethical issues involved? What are the conflicting ethical values and whichvalues were maximized/minimized? The Case of the...
-
2 Altira Corporation provides the following information related to its inventory during the month of August 2024: August 1 Inventory on hand-2,000 units%;B cost $5.30 each. August 8 Purchased 8,000...
Study smarter with the SolutionInn App