The 2018 financial statements of Marker Co. contain the following selected data (in millions). $$\begin{array} { l r }
\text { Current Assets } & \$ 75 \
\text { Total Assets } & 140 \
\text { Current Liabilities } & 40 \
\text { Total Liabilities } & 90 \
\text { Cash } & 8
\end{array}$$ The debt to assets ratio is
A) 64.3%.
B) 53.3%.
C) 28.6%.
D) 147.4%.

Question

The 2018 financial statements of Marker Co. contain the following selected data (in millions). $$\begin{array} { l r } 
\text { Current Assets } & \$ 75 \
\text { Total Assets } & 140 \
\text { Current Liabilities } & 40 \
\text { Total Liabilities } & 90 \
\text { Cash } & 8
\end{array}$$ The debt to assets ratio is
A) 64.3%.
B) 53.3%.
C) 28.6%.
D) 147.4%.

Quizplus · Accepted Answer

The debt to assets ratio is calculated as Total Liabilities divided by Total Assets. For Marker Co., it is $ \frac{90}{140} \times 100 = 64.3\% $.

The 2018 Financial Statements of Marker Co The Debt to Assets Ratio Is A) 64

The 2018 Financial Statements of Marker Co The Debt to Assets Ratio Is
A) 64