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Homework answers / question archive / Fiscal Year 2020 2019 Current Assets $57,000 $58,000 Inventory $27
Fiscal Year 2020 2019 Current Assets $57,000 $58,000 Inventory $27.000 $24,000 Fixed Assets $74,000 $68,000 Total Liabilities $99.000 $91.000 Long term Liabilities $50,000 $49,000 Income Before Taxes $65.000 $52,000 Net Profit Margin 16.0% 24.3% Tax Rate 21% 2196 What is the debt ratio for MFDC in 2020? Canswer in decimal form, not a percentage. For example, answer 1.3 you determined the debt ratio was 130% or 1.3)
We know that Debt ratio = Total Liabilities / Total Asssets
Total liabilities = 99000
Total Assets = Current Assets + Fixed Assets
Total Assets = 57000+74000 = 131000
So Debt ratio = 99000/131000
Debt- Ratio = 0.7557
