Question: Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $22600 Net income $43100 Current liabilities
Using the following balance sheet and income statement data, what is the debt to assets ratio? Current assets $22600 Net income $43100 Current liabilities 13000 Stockholders' equity 64750 Average assets 131200 Total liabilities 22750 Total assets 87500 Average common shares outstanding was 14000. 34.9 percent 35.1 percent 17.3 percent
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