The 2017 financial statements of Harper Co. contain the following selected data (in millions). $$\begin{array} { l r }
\text { Current assets } & \$ 90 \
\text { Total assets } & 160 \
\text { Current liabilities } & 45 \
\text { Total liabilities } & 72 \
\text { Cash } & 8 \
\text { Interest expense } & 5 \
\text { Income taxes } & 10 \
\text { Net income } & 16
\end{array}$$ The debt to assets ratio is
A)45.0%.
B)50.0%.
C)2.22%.
D)6.2 times.

Question

The 2017 financial statements of Harper Co. contain the following selected data (in millions). $$\begin{array} { l r } 
\text { Current assets } & \$ 90 \
\text { Total assets } & 160 \
\text { Current liabilities } & 45 \
\text { Total liabilities } & 72 \
\text { Cash } & 8 \
\text { Interest expense } & 5 \
\text { Income taxes } & 10 \
\text { Net income } & 16
\end{array}$$ The debt to assets ratio is
A)45.0%.
B)50.0%.
C)2.22%.
D)6.2 times.

Quizplus · Accepted Answer

The Answer of The 2017 financial statements of Harper Co. contain the following selected data (in millions). $$\begin{array} { l r } 
\text { Current assets } & \$ 90 \
\text { Total assets } & 160 \
\text { Current liabilities } & 45 \
\text { Total liabilities } & 72 \
\text { Cash } & 8 \
\text { Interest expense } & 5 \
\text { Income taxes } & 10 \
\text { Net income } & 16
\end{array}$$ The debt to assets ratio is
A)45.0%.
B)50.0%.
C)2.22%.
D)6.2 times.

The 2017 Financial Statements of Harper Co The Debt to Assets Ratio Is A)45

The 2017 Financial Statements of Harper Co The Debt to Assets Ratio Is
A)45