1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Help pls
Paraphin [41]

Answer:

c

Explanation:

placing obituary in the local newspaper

7 0
3 years ago
Read 2 more answers
During the Great Recession, consumer sentiment in the United States declined, leading to a decrease in consumer spending. Which
Ipatiy [6.2K]
C. A decrease in the money supply

Nearly 700 banks failed in waning months of 1929 and more than 3,000 collapsed in 1930. Federal deposit insurance was as-yet unheard of, so when the banks failed, people lost all their money. Some people panicked, causing bank runs as people desperately withdrew their money, forcing more banks to close. By the end of the decade, more than 9,000 banks had failed. Surviving institutions, unsure of the economic situation and concerned for their own survival, became unwilling to lend money. This exacerbated the situation, leading to less and less spending.
6 0
3 years ago
The Heating Division of Kobe International produces a heating element that it sells to its customers for $45 per unit. Its varia
notsponge [240]

Answer:

transfer cost $25

Explanation:

The minimum transfer price is equal to the marginal price.

The marginal price, in this case, will be the variable cost, because there is no additional fixed cost related to the transfer:

This should be analyzed like a special order request, only the variable cos matter unless we incur in additional fixed cost.

Marginal Cost = Variable cost: 25

4 0
4 years ago
1. In the problem solving process, which step comes before Take Action?
Ainat [17]
A. Define the Problem first before take action.
4 0
3 years ago
Apps for Apples, a technology company that produces educational applications for Macs and other Apple products, allows employees
I am Lyosha [343]

Answer:

It reduces the total no of hours that employees work.

Explanation:

Flextime schedule is a type of work arrangement where employees are allowed to select a convenient time to work as it may suit them , compared to the traditional work schedule method where the operation hours is outlined by the management .

It comes with a lot of advantage over the traditional work schedule as listed in the scenario given except that the total no of hours worked by employees remain the same. It has no overall effect on the no of hours worked but the flexibility that allows convenience and increased productivity.

5 0
3 years ago
Other questions:
  • Engineers at a tire manufacturing company investigated the effect of a new rubber compound on the tire life of a certain brand o
    7·1 answer
  • Widgeon Co. manufactures three products: Bales, Tales, and Wales. The selling prices are $55, $78, and $32, respectively. The va
    6·1 answer
  • _____ are local offices affiliated with the Small Business Administration that provide comprehensive management assistance to cu
    5·1 answer
  • Bright Inc. is a toothpaste manufacturing company that is facing intense competition from its rivals. In order to encourage high
    14·1 answer
  • The ultimate economic burden of a tax is best captured by: A. the marginal tax rate. B. the effective tax rate. C. the average t
    7·1 answer
  • Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000
    8·1 answer
  • The management of Indiana Corporation is considering the purchase of a new machine costing $400,000. The company's desired rate
    12·1 answer
  • Explanation of types of formal based on business communication​
    13·1 answer
  • Share your idea for an entrepreneurial business venture.
    12·2 answers
  • Artificial Intelligence Inc. sells to Beta Bots Corporation a promising idea for a technological innovation that is still being
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!