What is the debt to total assets ratio?
Current assets $16,000
Noncurrent assets 22,875
Total assets $38,875

Current liabilities $11,349
Long-term debt 10,599
Total stockholders' equity 16,927
Total liabilities and stockholders' equity $38,875

Cash from operating activities $5,468
Cash paid for capital expenditures 4,160
Dividends paid 538
Average shares outstanding 869

Question

What is the debt to total assets ratio?
Current assets	$16,000	
Noncurrent assets	  22,875
Total assets	        $38,875

Current liabilities	$11,349	
Long-term debt	  10,599
Total stockholders' equity 16,927	
Total liabilities and stockholders' equity	 $38,875

Cash from operating activities	$5,468	
Cash paid for capital expenditures	  4,160
Dividends paid	                                      538
Average shares outstanding	              869

gw2011 · Answer

(11,349+10,599)/38,875=21,948/38,875=0.5646=56.46%