20X12 - assets and the stockholders have provided 62.5%.

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20X1 20X0 Current liabilities $27,945 $ 30,347 Long-term debt 15,000 23,000 Total debt $ 42,945 $ 53,347 Total assets $114,538 $118,732 Debt to total assets 37.5% 44.9% The 20X1 ratio of 37.5% means that creditors have provided 37.5% of the company's financing for its 
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This note was uploaded on 11/15/2011 for the course ACCT 2310 taught by Professor Staff during the Spring '09 term at Texas State.

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