Question

The following financial statement data are taken from Segura's annual report: (in millions) Current assets $8,870...

The following financial statement data are taken from Segura's annual report:

(in millions)

Current assets

$8,870

Other assets

606

Intangibles

915

Property, plant, and equipment

2,510

Current liabilities

7,513

Long-term liabilities

750

Long-term debt

1,332

Stockholders' equity

3,306

Compute the debt / tangible net worth ratio.

a.

4.01 to 1

b.

1.34 to 1

c.

3.90 to 1

d.

0.74 to 1

e.

0.40 to 1

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