Buick Company presented the following data at the end of 2019: Current liabilities $450,000 Long-term debt $2,280,000
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Question:
Buick Company presented the following data at the end of 2019:
Current liabilities $450,000
Long-term debt $2,280,000
Deferred income taxes $850,000
Preferred stock $420,000
Common stock $1,450,000
Retained earnings $2,080,000
Determine the debt-to-total assets ratio for Buick Company
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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