What was Marble Comics' total debt ratio in 2015?
A. 0.46
B. 0.70
C. 0.74
D. 0.89
E. 2.32

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Marble Comic Group 2015 Statement of comprehensive income (S in millions) Net sales S905 Less: Cost of goods sold Less: General & adm. expenses Less: Depreciation EBIT 522 93 110 180 Less: Interest paid Earnings before taxes Less: Taxes Net income 61 119 30 $ 89 Marble Comic Group Statement of financial position Years ended 2014 and 2015 (S in millions) 2014 2015 2014 2015 $ 75 $ 135 $ 110 Accounts payable $ Notes payable Current liabilities Cash 89 Account rec. 230 214 227 442 Inventory 240 188 316 552 Current assets 545 537 Long-term debt Common stock 615 440 Fixed assets 788 890 55 55 Retained earnings Total liab. & equity $ 1,333 347 380 Total assets $ 1,333 $ 1,427 $ 1,427 Marble Comic Group 2015 Statement of comprehensive income (S in millions) Net sales S905 Less: Cost of goods sold Less: General & adm. expenses Less: Depreciation EBIT 522 93 110 180 Less: Interest paid Earnings before taxes Less: Taxes Net income 61 119 30 $ 89 Marble Comic Group Statement of financial position Years ended 2014 and 2015 (S in millions) 2014 2015 2014 2015 $ 75 $ 135 $ 110 Accounts payable $ Notes payable Current liabilities Cash 89 Account rec. 230 214 227 442 Inventory 240 188 316 552 Current assets 545 537 Long-term debt Common stock 615 440 Fixed assets 788 890 55 55 Retained earnings Total liab. & equity $ 1,333 347 380 Total assets $ 1,333 $ 1,427 $ 1,427

Answer rating: 100% (QA)

in 2015 Long term debt 440 C... View the full answer