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tatyana61 [14]
3 years ago
7

On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. that same company had assets o

f $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, the company reported total sales revenue of $9 billion and total expenses of $7 billion. what is the company's debt-to-assets ratio on december 31, 2016?
Business
1 answer:
Natalija [7]3 years ago
8 0
<span>On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. however it had assets of $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, total sales revenue was $9 billion and total expenses was $7 billion. As Total asset is 20 billion and stockholders equity is 9 billion the liabilities are 11 billion. The Debt to Asset ratio = Liabilities / Assets = 11 Billion / 20 Billion = .55 (55%)</span>
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