Can somebody show I how to calculate dept to assets ratio%? This is how I do it but got the wrong answer.
dept to assets ratio=Total current liabilities / Total assets-->dept to assets ratio=295000/440000=.67 in percentage=67%. What did I do wrong?
Cullumber Company reported the following selected information at March 31.
Total current assets=233,050
Total assets=440,000
Total current liabilities=295,000
Total liabilities=364,760
Net cash provided by operation activities=61,700
Calculate the current ratio, the dept to assets ratio, and free cash flow for march 31,2022. The company paid dividends of 11,500 and spent 25,900 on capital expenditures.