Question: Shown below are selected data from the balance sheet of HiTech, a small electronics store (dollar amounts are in thousands): Cash...................................$25 Accounts receivable.............45 Inventory.............................80 Total
Shown below are selected data from the balance sheet of HiTech, a small electronics store (dollar amounts are in thousands):
Cash...................................$25
Accounts receivable.............45
Inventory.............................80
Total assets.........................400
Current liabilities................100
Noncurrent liabilities..........240
Refer to the above data. Hi-Tech's debt ratio is:
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