Wichita,Inc.reported the following amounts on its financial statements prepared as of the end of the current accounting period:

-What is the company's debt-to-assets ratio?
A)5%
B)10%
C)45%
D)50%

Name: Wichita,Inc.reported the following amounts on its financial statements prepared as of the end of the current accounting period: -What is the company's debt-to-assets ratio? A)5% B)10% C)45% D)50%
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Question

Wichita,Inc.reported the following amounts on its financial statements prepared as of the end of the current accounting period:
 
-What is the company's debt-to-assets ratio?
A)5% 
B)10% 
C)45% 
D)50%

Quizplus · Accepted Answer

Debt-to-assets ratio = Total debt ÷ Total assets
Debt-to-assets ratio = $100,000 ÷ $200,000 = 50%