单选题
Use the following data from Delta's common size financial statement to answer the question: Earnings after taxes=18% Equity=40% Current assets=60% Current liabilities=30% Sales=$ 300 Total assets=$1400 What is Delta's total-debt-to-equity ratio?
A、
A. 1.0.
B、
B. 1.5.
C、
C.2.0.
【正确答案】
B
【答案解析】
If equity=40%, debt must=60%, thus 60/40=1.5.
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