On December 31, 2018, a company had assets of $35 billion and shareholders' equity of $30 billion. That same company had assets of $49 billion and shareholders' equity of $11 billion as of December 31, 2019. During 2019, the company reported total sales revenue of $28 billion and total expenses of $26 billion. 

What is the company's debt-to-asset ratio as of December 31, 2019?

Answer rating: 100% (QA)

Answer Solution A Total Debts on 3... View the full answer