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Marat540 [252]
4 years ago
12

On December 31, 2018, a company had assets of $29 billion and stockholders' equity of $22 billion. That same company had assets

of $55 billion and stockholders' equity of $17 billion as of December 31, 2019. During 2019, the company reported total sales revenue of $22 billion and total expenses of $20 billion. What is the company's debt-to-assets ratio on December 31, 2019
Business
1 answer:
Kisachek [45]4 years ago
5 0

Answer:

0.69

Explanation:

From the question above on December 31, 2018 a company has an assets of $29 billion and stockholders equity of $22 billion.

On December 31, 2019 the same company recorded an assets of $55billion and stockholders equity of $17billion

Inorder to calculate the debt-to-assess ratio the first step is to find the amount of liabilities

Liabilities= Assets-Stockholders equity

Assets= $55 billion

Stockholders equity= $17 billion

= $55billion-$17billion

= $38 billion

Therefore, the debt-to-assets ratio can be calculated as follows

Debt-to-assets ratio= Total liabilities/Total Assets

= $38 billion/ $55 billion

= 0.69

Hence on December 31, 3019 the debt-to-assets ratio is 0.69

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A depositor places $10,000 in cash in a commercial bank, where the required reserve ratio is 10 percent. The bank sends the $10,
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C) $10,000, $1,000, and $9,000, respectively.

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since the bank kept the whole $10,000 as reserves, then:

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You have $19,750 you want to invest for the next 22 years. You are offered an investment plan that will pay you 9 percent per ye
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Answer:

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hence, the value at the end of the 22 years is $195,488.60

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