Question

selected data from 2011 financial statements of xi corporation include the following (amount in millions):

Current Assets ¥ 759

Total Assets 1,200

Current Liabilities 400

Total Liabilities 850

Cash 80

Interest Expense 50

income Taxes 100

Net Income 160

The debt to total assets ratio is

a. 70.8%

b. 53.3%

c. 1.41%

d. 6.2 times

Answer

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