Selected Data from 2014 Financial Statements of Xi Corporation Include

question 192

Multiple Choice

Selected data from 2014 financial statements of Xi Corporation include the following (amount in millions) : Current assets ¥ 759
$$\begin{array} { l r } \text { Current assets } & ¥ 759 \\\text { Total assets } & 1,200 \\\text { Current liabilities } & 400 \\\text { Total liabilities } & 750 \\\text { Cash } & 80 \\\text { Interest expense } & 50 \\\text { income taxes } & 100 \\\text { Net income } & 160\end{array}$$
The debt to assets ratio is

• A) 62.5%.
• B) 52.7%.
• C) 1.60%.
• D) 6.2 times.

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