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

question 10

Multiple Choice

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

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