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Buick Company presented the following data at the end of 2019:
Current liabilities $450,000
Long-term debt $2,280,000
Deferred income taxes $850,000
Preferred stock $420,000
Common stock $1,450,000
Retained earnings $2,080,000
Determine the debt-to-total assets ratio for Buick Company (rounded).

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Buick Company presented the following data at the end of 2019Curr.pdf

  • 1. Buick Company presented the following data at the end of 2019: Current liabilities $450,000 Long-term debt $2,280,000 Deferred income taxes $850,000 Preferred stock $420,000 Common stock $1,450,000 Retained earnings $2,080,000 Determine the debt-to-total assets ratio for Buick Company (rounded).