DEF Inc. financial statements From the information given in the financial statements of DEF Inc.,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
DEF Inc. financial statements From the information given in the financial statements of DEF Inc., what is the total debt ratio in 2020? 0.26 0.45 0.38 0.54 X fa A DEF Inc. 2020 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation EBIT Interest Taxable Income Taxes Net Income Addition to retained earnings Dividends paid B $9,625 5,225 1,890 $2,510 850 $1,660 581 $1,079 679 $400 C D Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets. E G DEF Inc, Balance Sheet ($in millions) 2020 2019 2020 $260 Accounts payuable $1,150 $2,863 2,600 1,628 3,975 Notes payable 885 Current liabilities $3,750 $4,491 $5,320 $5,120 Long term debt 7,000 7,600 19,300 21,720 Common stock 5,500 5,700 8,370 9,049 Retained earnings $24,620 $26,840 Total liabilieis and equity $24,620 $26,840 H 2019 $1,455 2,460 1,405
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.