Adelaide Boats Ltd had current liabilities of ($5) million, non-current liabilities of ($10) million and total assets

Question:

Adelaide Boats Ltd had current liabilities of \($5\) million, non-current liabilities of \($10\) million and total assets of \($20\) million. What is Adelaide Boats Ltd’s debt to total assets ratio?

(a) 1.3:1.

(b) 0.5:1.

(c) 0.75:1.

(d) 0.25:1.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: