The following financial statement data are taken from Xeron Company's 2012 annual report: $\begin{array}{lr}
&\text { (in millions) }\
\text { Current assets } & \$ 12.6 \
\text { Investments } & 9.4 \
\text { Intangibles } & 6.8 \
\text { Property, plant, and equipment } & 58.1 \
\text { Current liabilities } & 6.4 \
\text { Long-term debt } & 39.7 \
\text { Stockholders' equity } & 40.8
\end{array}$ Compute the debt to tangible net worth ratio.
A)146.8%
B)135.6%
C)53.0%
D)45.7%
E)none of the answers are correct

Question

Quizplus · Accepted Answer

The Answer of The following financial statement data are taken from Xeron Company's 2012 annual report: $\begin{array}{lr}
&\text { (in millions) }\
\text { Current assets } & \$ 12.6 \
\text { Investments } & 9.4 \
\text { Intangibles } & 6.8 \
\text { Property, plant, and equipment } & 58.1 \
\text { Current liabilities } & 6.4 \
\text { Long-term debt } & 39.7 \
\text { Stockholders' equity } & 40.8
\end{array}$ Compute the debt to tangible net worth ratio.
A)146.8%
B)135.6%
C)53.0%
D)45.7%
E)none of the answers are correct

The Following Financial Statement Data Are Taken from Xeron Company's