Bauer Inc. has $2,050 of assets and $2,995 of sales. Its operating costs are $2,701, including $31
Fantastic news! We've Found the answer you've been seeking!
Question:
Bauer Inc. has $2,050 of assets and $2,995 of sales. Its operating costs are $2,701, including $31 of lease payments, $450 of depreciation, and $500 of amortization charges. Its total current liabilities are $315, consisting of $265 of accruals and $50 of notes payable. Its long-term debt is $850, and its interest charges are $125. The firm's debt includes all short-term and long-term interest-bearing debt, but it does not include operating items such as accounts payable and accruals. What is Bauer's debt-to-capital ratio?
a. 63.4%
b. 65.1%
c. 57.0%
d. 60.2%
e. 50.4%
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: