On December 31, 2015, a company had assets of $36 billion and stockholders' equity of $32 billion. That same company had assets of $48 billion and stockholders' equity of $10 billion as of December 31, 2016. During 2016, the company reported total sales revenue of $29 billion and total expenses of $27 billion. What is the company's debt-to-assets ratio on December 31, 2016

0.79 times

Explanation:

The computation of debt-to-assets ratio is shown below:-

For computing the debt-to-assets ratio first we need to find out the  total debt which is given below:-

Total Debt = Assets - Stockholders' equity

= $48 billion - $10 billion

= $38 billion

Debt-to-assets ratio = Total Debt ÷ Total Assets

= $38 billion ÷ $48 billion

= 0.79 times

So, for computing the debt-to-assets ratio we simply applied the above formula.

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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