[Jakyje]

Happy's Golf Corporation recently reported the following December 31 amounts in its financial statements (in thousands):

Prior Year Current Year
Income from operations 1,700 1,400
Net income 850 700
Total assets 10,000 9,000
Total stockholders' equity 8,000 7,500
Sales revenue 9,000 7,000

(a) Compute the debt-to-assets ratio for the current and prior years. (Round your answers to 1 decimal place. Omit the "%" sign in your response.)

I've tried everything like for the prior I've tried 10,000 = debts + 8,000

debts = 2,000/10,000 = .2 that is incorrect. I don't need the answer just help me figure out how to get to it. Every method I try is incorrect.

[eternal25]

Hi,

Your equation [10,000 = debts + 8,000] is correct.

So 2,000/10,000 = .2 but it has to be in percentage form so the answer is 20% (excluding the % sign when submitting your answer). Are you attending Enlow's class by any chance?