Jackson Brown Footwear had total liabilities of $127.5 million and total assets of $375 million. Its debt ratio was ________.
What will be an ideal response?
34%
Debt Ratio = Total Liabilities/Total Assets
Debt Ratio = $127.5 million/$375 million = 34%
You might also like to view...
Hospitality industry scholars cited in the chapter describe three possible strategies for mitigating the unpleasant nature of having to wait. What are these? Give an example of the use of each
What will be an ideal response?
________ is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers
A) NAFTA B) MERCOSUR C) The European Union D) APEC E) ASEAN
When Fred sends in the box top from his cereal to receive a free DVD of a cartoon featuring one of his favorite characters, he is responding to a ________
A) self-liquidating premium B) with-pack premium C) reduced-price pack D) banded pack E) free in-the-mail premium
Major assumptions made in measuring business income include all of the following except
A) continuity. B) periodicity. C) matching. D) accrual accounting.