The 2017 financial statements of Barker 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

Question

The 2017 financial statements of Barker 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

Quizplus · Accepted Answer

The debt to assets ratio is calculated as Total Liabilities / Total Assets. Using the data provided: 90 / 140 = 0.643, or 64.3%.

The 2017 Financial Statements of Barker Co The Debt to Assets Ratio Is A) 64

The 2017 Financial Statements of Barker Co The Debt to Assets Ratio Is
A) 64