Using the following balance sheet and income statement data, what is the debt to assets ratio?
a. Current assets $36500
b. Net income $42800 Current liabilities 15000
c. Stockholders' equity 75400 Average assets 161900
d. Total liabilities 43300 Total assets 130000
e. Average common shares outstanding was 16400.

Debt to Asset Ratio 0.3331 or 33.31%

Explanation:

Debt to Asset Ratio = Total Debt / Total Assets

Debt to Asset Ratio = Total Liabilities  / Total Assets

Debt to Asset Ratio = 43,300 / 130,000

Debt to Asset Ratio = 0.3331 = 33.31%

d.Total liabilities 43300 Total assets 130000 is used to calculate Debt to total asset ratio.

* I am not sure that in the question given the a, b,c,d and e

1. are the option to choose

or

2. this is all the data to calculate debt to total asset equity.

In cash Condition 1.

Answer is " d.Total liabilities 43300 Total assets 130000 "

In cash Condition 2.

Answer is " 0.3331 or 33.31% "

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