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AleksAgata [21]
3 years ago
7

Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions): Dils Brothers Co. J.

Cox, Inc. Total liabilities, 2016 $70,914 $47,422 Total liabilities, 2015 72,208 60,092 Total assets, 2016 100,372 73,744 Total assets, 2015 94,114 70,416 Revenue, 2016 306,932 163,040 Net income, 2016 280 1,572 To the nearest hundredth, what is the 2016 debt-to-total-assets ratio for J. Cox, Inc.
Business
1 answer:
9966 [12]3 years ago
3 0

Answer:

0.64

Explanation:

Debts to total asset ratio = Total liabilities / total assets

For J.Cox Inc 2016;  Debts to total asset ratio = $47,422 / 73,744

Debts to total asset ratio = 0.64306

Debts to total asset ratio = 0.64

2016 debt-to-total-assets ratio for J. Cox, Inc. is 0.64

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Explanation:

The computation of the adjusted cash balance is shown below:

As we know that

Adjusted cash balance is = Cash ending balance - NSF Checks - Service charge

= $660 - $130 - $27

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Basically we applied the above formula

4 0
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The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, b
zhannawk [14.2K]

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Explanation:

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3 years ago
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TEA [102]

Answer:

C. By realizing gains through increase in share price and cash divideneds.

Explanation:

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Furthermore, the firm must try to make profit which is one of the reason of being in business. A firm that is making profit will be able to declare same at the end of the financial period, hence corporate holders(shareholders) would be have part in profit declaration through dividened.

7 0
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Nutka1998 [239]

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