stephensandrew142 stephensandrew142

25-05-2021
Business

contestada

Jennings Co. has total assets of $433.0 million. Its total liabilities are $114.5 million. Its equity is $318 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)

Respuesta :

Parrain Parrain

30-05-2021

Answer: 26.4%

Explanation:

The debt ratio is used to show how much of the company's assets is funded by debt.

It is calculated by the formula:

= Total liabilities / Total assets

= 114.5 / 433.0

= 0.2644

= 26.4%

Answer Link

Otras preguntas

Which of the following is not a process of a stream load a. suspension b. bed load c. divide d. materials in solution

Imaginary lines that run North to south but measure east to west are called?

After hours of serious talk, the two friends reached an agreement. Which words describe the noun agreement in the sentence? abstract, collective, common abstrac

What are the personal pronouns in this sentence? Why don't you, she, and Lisa stay in my room instead? a. my b. and c. you d. in e. she

Which part of the Constitution establishes the legislative branch of the government? a. Amendment I b. The Bill of Rights c. Article II d. Article I'

Which types of telescope use a mirror to bring light to focus? a. Refracting telescopes b. Array telescopes c. Interferometry telescopes d. Reflecting teles

Which of these writings relies mostly on logic? a. Patrick Henry's "Give me liberty, or give me death" b. Benjamin Franklin's "Join, or Die" c. John Adams's

Which of the following territories is INCORRECTLY matched with the nation that conquered or assumed control over it by the eve of World War II? a. Ethopia/Ital

Of these four words, which one is most likely to have a negative flavor or connotation? a. Confuse b. Distract c. Harangue d. Meander

Facts and Info on California, Salinas and Gabilan Mountains in the 1930s.