Balance sheet 2010 2011 2010 2011 Cash 4,600 3,800 Accounts payable 16,200 17,100 Accounts receivable...
80.2K
Verified Solution
Link Copied!
Question
Finance
Balance sheet 2010 2011 2010 2011 Cash 4,600 3,800 Accounts payable 16,200 17,100 Accounts receivable 10,200 9,700 Long-term debt 36,000 33,400 Inventory 18,900 20,300 Common stock 14,000 20,000 Net fixed asset 41,400 42,100 Retained earning 8,900 5,400 Total asset 75,100 75,900 Total claim 75,100 75,900 Income statement 2011 Net sales 61,600 Cost 48,900 Depreciation 7,800 EBIT 4.900 Interest 2,500 EBT 2,400 Taxes 800 Net income 1,600 What is the firm's total debt ratio for 2011 using the above financial statements ? O 1.99% O 66.5% 44.0% 22.3% 1.31%
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.