Below is Company A's balance sheet at the end of 2022. What is the debt ratio of
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Below is Company A's balance sheet at the end of 2022. What is the debt ratio of Company A?
Assets | Amount |
Cash and equivalents | $ 20.0 |
Accounts receivables | 270.0 |
Inventory | 160.0 |
Net plant and equipment | 550.0 |
2022 | |
Liabilities and Equity | Amount |
Accounts payable | $ 10.0 |
Accruals | 80.0 |
Notes payable | 160.0 |
Long–term bonds | 350.0 |
Common stock (25 million shares) | 210.0 |
Retained earnings | 190.0 |
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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