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
Nataly [62]
3 years ago
11

Use the following Balance Sheet and Income Statement data of Bronson Corporation to calculate its debt to total assets ratio as

of December 31, 2017:
Current assets $9,000 Net income $70,000
Current liabilities 4,000 Common stock 10,000
Average assets 28,000 Total liabilities 6,000
Total assets 30,000 Retained earnings 20,000

Write your response rounded to the nearest whole number only.
Business
1 answer:
Reptile [31]3 years ago
6 0

Answer:

20 %

Explanation:

The Debt to Total Assets ratio is used to measure financial risk, the higher the ratio the more financial risk there is.

Debt to Total Assets ratio = Total debt / Total Assets x 100

therefore,

Debt to Total Assets ratio = $6,000 / $30,000 x 100 = 20 %

thus,

The debt to total assets ratio as of December 31, 2017: 20 %

You might be interested in
For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to
dolphi86 [110]

Answer:

the answer is D) all of the above are equally useful in this case

Explanation:

why? every company who is planing to offers a new good or product its important to know to which market you want to sell it, and the average age, either the company who had been working with the same product, perhaps more capacity of production in the same market, you have to do a market strategy to know if you are able to get into the new market.

5 0
3 years ago
When an oligopoly exists, how many producers dominate the market?
vesna_86 [32]
The oligopoly is known to have a one producer dominating the market. This results in a few suppliers/sellers in the market, and thus can cause a high increase in the price of the products that are being sold in its respective community.
8 0
3 years ago
Read 2 more answers
Question 2
laila [671]

Answer:

A

Explanation:

Calculate the payback period and net present value for each project assuming a 10 % discount rate

7 0
2 years ago
Had the government taken over the assets of Global Trading without compensation, and not taken over the assets of any other comp
AlladinOne [14]

Answer: Expropriation

Explanation:

Expropriation means to take possession of a private property for public use.

Expropriation can be defined as the process by which government takes over private owned properties against the wishes of the owners.

Government takes over those properties with the aim of using them to benefit the public. The property owners might be compensated.

The government expropriate private properties sometimes, for infrastructural purpose such as airport, highway and railway.

Expropriated properties are usually taken against the wish of the private owners.

3 0
3 years ago
If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditor
USPshnik [31]

Answer:

The auditor should issue a qualified report for the departure from generally accepted accounting principles.

Explanation:

A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.

3 0
3 years ago
Other questions:
  • A maker of frozen meals claims that the average caloric content of its meals is 400, and the standard deviation is 15. a researc
    7·1 answer
  • Individuals performing in professional jobs are compensated initially for their ________.
    15·1 answer
  • Green Glass recently pays dividends. Future dividends are projected at $2.5, $3.5, and $4.5 over the next three years, respectiv
    15·1 answer
  • Which of the following balance sheet equations is​ INCORRECT? A. Assets minus Current liabilities​ = Longminusterm liabilities​
    9·2 answers
  • On December​ 31st, Datton, Inc. has cost of goods sold of $ 550000​, ending inventory is $ 101000​, beginning inventory is $ 120
    8·1 answer
  • At December 31, 2016, Finzelberg Company had a credit balance of $15,000 in Allowance for Doubtful Accounts. During 2017, Finzel
    6·1 answer
  • Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p
    5·1 answer
  • Which is not true of birthday and/or annual review automatics?a. the purpose is to trigger a telephone call for a face-to-face m
    5·1 answer
  • HELP!<br> You should always emphasize a word in the middle of a sentence.<br> A.True<br> B.False
    11·2 answers
  • Sheridan Company produces flash drives for computers, which it sells for $12 each. Each flash drive costs $9 of variable costs t
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!