Practice: On its December 31 balance sheet, XYZ Company reported total assets of $880,000 and total equity of $320,000. What is the company’s debt ratio?

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Additional Practice |
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Ratios Cumulative Problems |

Practice: On its December 31 balance sheet, XYZ Company reported total assets of $880,000 and total equity of $320,000. What is the company’s debt ratio?

Practice: At the beginning of the year, ABC Company had total assets of $600,000, Total Liabilities of $360,000, and Total Equity of $240,000. At the end of the year, total assets had increased to $800,000, Total Liabilities decreased to $320,000 and Total Equity increased to $480,000. What was the change in the company’s debt ratio during the year?

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Concept #1: Ratios: Debt to Asset Ratio

Practice #1: Debt to Asset Ratio

Practice #2: Debt to Asset Ratio

Listed below are the account balances of the Frank Corporation on December 31, 2014.
What is Frank’s debt ratio:
A. 0.283.
B. 0.381.
C. 2.333.
D. 2.625.

Assume you are given the following relationships for the Warner Corporation:
Calculate Warner’s debt ratio.
a. 65.57%
b. 46.47%
c. 165.57%
d. 39.60%
e. 60.40%

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