Solved

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

Question 13

Multiple Choice

The following financial statement data are taken from Xeron Company's 2012 annual report:
 (in millions)  Current assets $12.8Investments 9.4 Intangibles 6.8Property, plant, and equipment 58.1 Current liabilities 6.4 Long-term debt39.7Stockholders’ equity 40.8\begin{array}{lccc}&\text { (in millions) }\\ \text {Current assets } & \$12.8\\ \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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents