{"id":385,"date":"2024-09-06T16:49:19","date_gmt":"2024-09-06T16:49:19","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/debt-to-total-assets-ratio\/"},"modified":"2024-09-11T20:35:48","modified_gmt":"2024-09-11T20:35:48","slug":"debt-to-total-assets-ratio","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/chapter\/debt-to-total-assets-ratio\/","title":{"raw":"Debt to Total Assets Ratio","rendered":"Debt to Total Assets Ratio"},"content":{"raw":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\r\n<ul>\r\n \t<li>Calculate the debt to assets ratio<\/li>\r\n<\/ul>\r\n<\/section>&nbsp;\r\n\r\nVariations on the debt to equity ratio include:\r\n<ul>\r\n \t<li>Debt to total assets [latex]\\left(\\dfrac{\\text{company\u2019s total debt}}{\\text{company\u2019s total assets}}\\right)[\/latex]<\/li>\r\n \t<li>Equity to total assets [latex]\\left(\\dfrac{\\text{company\u2019s equity}}{\\text{company\u2019s total assets}}\\right)[\/latex]<\/li>\r\n<\/ul>\r\n(These two as percentages should add up to 100%. If they don't, check your data and your calculations!)\r\n\r\nFor Jonick, total debt for 2019 was $1.275 million and assets were $3.95 million, for a ratio of .32278481:\r\n<p style=\"padding-left: 30px;\">[latex]\\dfrac{1.275\\text{ million}}{3.95\\text{ million}}=.32278481[\/latex]<\/p>\r\nThat would be about .323 rounded to the nearest thousandths, and converted to a percentage would be 32.3%, meaning that portion of the assets are financed (which is reflected in the debt to equity ratio of 1:2).\r\n\r\nWe would then expect equity to total assets to be 67.7%. In fact, equity of $2.675 million divided by assets of $3.95 million is .67721519:\r\n<p style=\"padding-left: 30px;\">[latex]\\dfrac{2.675\\text{ million}}{3.95\\text{ million}}=.67721519\\approx 67.7\\%[\/latex].<\/p>\r\n\r\n<table class=\"fin-table acctstatement\"><caption>Jonick Company\r\nComparative Balance Sheet\r\nDecember 31, 2019 and 2018<\/caption>\r\n<tbody>\r\n<tr>\r\n<th><\/th>\r\n<th scope=\"col\">2019<\/th>\r\n<th scope=\"col\">2018<\/th>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Assets<\/strong><\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Current assets:<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Cash<\/td>\r\n<td class=\"r\">$373,000<\/td>\r\n<td class=\"r\">$331,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Marketable securities<\/td>\r\n<td class=\"r\">248,000<\/td>\r\n<td class=\"r\">215,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Accounts receivable<\/td>\r\n<td class=\"r\">108,000<\/td>\r\n<td class=\"r\">91,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Merchandise Inventory<\/td>\r\n<td class=\"r\">55,000<\/td>\r\n<td class=\"r\">48,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Prepaid insurance<\/td>\r\n<td class=\"r\">127,000<\/td>\r\n<td class=\"r\">115,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 <strong>Total current assets<\/strong><\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$911,000<\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$800,000<\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"3\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Long-term investments:<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Investment in equity securities<\/td>\r\n<td class=\"r\">$1,946,000<\/td>\r\n<td class=\"r\">$1,822,000<\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"3\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Property, plant and equipment:<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Equipment (net of accumulated depreciation)<\/td>\r\n<td class=\"r\">$87,000<\/td>\r\n<td class=\"r\">$42,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Building (net of accumulated depreciation)<\/td>\r\n<td class=\"r\">645,000<\/td>\r\n<td class=\"r\">581,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Land<\/td>\r\n<td class=\"r\">361,000<\/td>\r\n<td class=\"r\">361,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 <strong>Total property, plant and equipment<\/strong><\/td>\r\n<td class=\"r\">$1,093,000<\/td>\r\n<td class=\"r\">$984,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Total assets<\/strong><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$3,950,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$3,606,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"3\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Liabilities<\/strong><\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Current liabilities:<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Accounts payable<\/td>\r\n<td class=\"r\">$120,000<\/td>\r\n<td class=\"r\">$109,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Salaries payable<\/td>\r\n<td class=\"r\">244,000<\/td>\r\n<td class=\"r\">222,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 <strong>Total current liabilities<\/strong><\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$364,000<\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$331,000<\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"3\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Long-term liabilities<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Mortgage note payable<\/td>\r\n<td class=\"r\">$83,000<\/td>\r\n<td class=\"r\">$83,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Bonds payable<\/td>\r\n<td class=\"r\">828,000<\/td>\r\n<td class=\"r\">745,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 <strong>Total long-term liabilities<\/strong><\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$911,000<\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$828,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Total liabilities<\/strong><\/td>\r\n<td class=\"r line-double\">$1,275,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<td class=\"r line-double\">$1,159,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<tr aria-hidden=\"true\">\r\n<td colspan=\"3\"><\/td>\r\n<\/tr>\r\n<tr>\r\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Stockholders' Equity<\/strong><\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Preferred $1.50 stock, $20 par<\/td>\r\n<td class=\"r\">$166,000<\/td>\r\n<td class=\"r\">$166,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Common stock, $10 par<\/td>\r\n<td class=\"r\">83,000<\/td>\r\n<td class=\"r\">83,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>Retained earnings<\/td>\r\n<td class=\"r\">2,426,000<\/td>\r\n<td class=\"r\">2,198,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td>\u00a0 \u00a0 \u00a0 <strong>Total stockholders' equity<\/strong><\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$2,675,000<\/td>\r\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$2,447,000<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Total liabilities and stockholders' equity<\/strong><\/td>\r\n<td class=\"r line-double\">$3,950,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<td class=\"r line-double\">$3,606,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nIn addition, investors may calculate specific other leverage ratios, such as debt to fixed assets, or the inverse, which would be fixed assets to debt, or another variation such as fixed assets to long-term debt.\r\n\r\n<img class=\"alignright wp-image-5878\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/16172019\/allgo-an-app-for-plus-size-people-nK1aIl6k2ug-unsplash-1024x683.jpg\" alt=\"a plus sized black woman sitting at a table in front of a laptop.\" width=\"400\" height=\"267\" \/>For Jonick, fixed assets for 2019 were $1.093 million and long term debt was $911,000, giving an approximate ratio of 1.2:1. This is often stated simply as 1.2 or 1.2 times; fixed assets are 1.2 times the amount of long-term borrowings.\r\n\r\nAgain, the numbers by themselves are not necessarily indicative of the health of a business. They must be assessed in relation to other metrics, in relation to other periods, and in relation to other businesses, industry averages, and expectations.\r\n\r\nNow, let's practice what you have learned.\r\n\r\n<section class=\"textbox tryIt\" aria-label=\"Try It\">[ohm2_question hide_question_numbers=1]25260[\/ohm2_question]<\/section>","rendered":"<section class=\"textbox learningGoals\" aria-label=\"Learning Goals\">\n<ul>\n<li>Calculate the debt to assets ratio<\/li>\n<\/ul>\n<\/section>\n<p>&nbsp;<\/p>\n<p>Variations on the debt to equity ratio include:<\/p>\n<ul>\n<li>Debt to total assets [latex]\\left(\\dfrac{\\text{company\u2019s total debt}}{\\text{company\u2019s total assets}}\\right)[\/latex]<\/li>\n<li>Equity to total assets [latex]\\left(\\dfrac{\\text{company\u2019s equity}}{\\text{company\u2019s total assets}}\\right)[\/latex]<\/li>\n<\/ul>\n<p>(These two as percentages should add up to 100%. If they don&#8217;t, check your data and your calculations!)<\/p>\n<p>For Jonick, total debt for 2019 was $1.275 million and assets were $3.95 million, for a ratio of .32278481:<\/p>\n<p style=\"padding-left: 30px;\">[latex]\\dfrac{1.275\\text{ million}}{3.95\\text{ million}}=.32278481[\/latex]<\/p>\n<p>That would be about .323 rounded to the nearest thousandths, and converted to a percentage would be 32.3%, meaning that portion of the assets are financed (which is reflected in the debt to equity ratio of 1:2).<\/p>\n<p>We would then expect equity to total assets to be 67.7%. In fact, equity of $2.675 million divided by assets of $3.95 million is .67721519:<\/p>\n<p style=\"padding-left: 30px;\">[latex]\\dfrac{2.675\\text{ million}}{3.95\\text{ million}}=.67721519\\approx 67.7\\%[\/latex].<\/p>\n<table class=\"fin-table acctstatement\">\n<caption>Jonick Company<br \/>\nComparative Balance Sheet<br \/>\nDecember 31, 2019 and 2018<\/caption>\n<tbody>\n<tr>\n<th><\/th>\n<th scope=\"col\">2019<\/th>\n<th scope=\"col\">2018<\/th>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Assets<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Current assets:<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Cash<\/td>\n<td class=\"r\">$373,000<\/td>\n<td class=\"r\">$331,000<\/td>\n<\/tr>\n<tr>\n<td>Marketable securities<\/td>\n<td class=\"r\">248,000<\/td>\n<td class=\"r\">215,000<\/td>\n<\/tr>\n<tr>\n<td>Accounts receivable<\/td>\n<td class=\"r\">108,000<\/td>\n<td class=\"r\">91,000<\/td>\n<\/tr>\n<tr>\n<td>Merchandise Inventory<\/td>\n<td class=\"r\">55,000<\/td>\n<td class=\"r\">48,000<\/td>\n<\/tr>\n<tr>\n<td>Prepaid insurance<\/td>\n<td class=\"r\">127,000<\/td>\n<td class=\"r\">115,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 <strong>Total current assets<\/strong><\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$911,000<\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$800,000<\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Long-term investments:<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Investment in equity securities<\/td>\n<td class=\"r\">$1,946,000<\/td>\n<td class=\"r\">$1,822,000<\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Property, plant and equipment:<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Equipment (net of accumulated depreciation)<\/td>\n<td class=\"r\">$87,000<\/td>\n<td class=\"r\">$42,000<\/td>\n<\/tr>\n<tr>\n<td>Building (net of accumulated depreciation)<\/td>\n<td class=\"r\">645,000<\/td>\n<td class=\"r\">581,000<\/td>\n<\/tr>\n<tr>\n<td>Land<\/td>\n<td class=\"r\">361,000<\/td>\n<td class=\"r\">361,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 <strong>Total property, plant and equipment<\/strong><\/td>\n<td class=\"r\">$1,093,000<\/td>\n<td class=\"r\">$984,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Total assets<\/strong><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$3,950,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<td class=\"r line-single line-double\"><span class=\"u-sr-only\">Single Line<\/span>$3,606,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Liabilities<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Current liabilities:<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Accounts payable<\/td>\n<td class=\"r\">$120,000<\/td>\n<td class=\"r\">$109,000<\/td>\n<\/tr>\n<tr>\n<td>Salaries payable<\/td>\n<td class=\"r\">244,000<\/td>\n<td class=\"r\">222,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 <strong>Total current liabilities<\/strong><\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$364,000<\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$331,000<\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span class=\"u-sr-only\">Subcategory, <\/span><strong>Long-term liabilities<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Mortgage note payable<\/td>\n<td class=\"r\">$83,000<\/td>\n<td class=\"r\">$83,000<\/td>\n<\/tr>\n<tr>\n<td>Bonds payable<\/td>\n<td class=\"r\">828,000<\/td>\n<td class=\"r\">745,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 <strong>Total long-term liabilities<\/strong><\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$911,000<\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$828,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<strong>Total liabilities<\/strong><\/td>\n<td class=\"r line-double\">$1,275,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<td class=\"r line-double\">$1,159,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<tr aria-hidden=\"true\">\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><span style=\"text-transform: uppercase;\"><strong>Stockholders&#8217; Equity<\/strong><\/span><\/td>\n<\/tr>\n<tr>\n<td>Preferred $1.50 stock, $20 par<\/td>\n<td class=\"r\">$166,000<\/td>\n<td class=\"r\">$166,000<\/td>\n<\/tr>\n<tr>\n<td>Common stock, $10 par<\/td>\n<td class=\"r\">83,000<\/td>\n<td class=\"r\">83,000<\/td>\n<\/tr>\n<tr>\n<td>Retained earnings<\/td>\n<td class=\"r\">2,426,000<\/td>\n<td class=\"r\">2,198,000<\/td>\n<\/tr>\n<tr>\n<td>\u00a0 \u00a0 \u00a0 <strong>Total stockholders&#8217; equity<\/strong><\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$2,675,000<\/td>\n<td class=\"r line-single\"><span class=\"u-sr-only\">Single Line<\/span>$2,447,000<\/td>\n<\/tr>\n<tr>\n<td><strong>Total liabilities and stockholders&#8217; equity<\/strong><\/td>\n<td class=\"r line-double\">$3,950,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<td class=\"r line-double\">$3,606,000<span class=\"u-sr-only\">Double Line<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In addition, investors may calculate specific other leverage ratios, such as debt to fixed assets, or the inverse, which would be fixed assets to debt, or another variation such as fixed assets to long-term debt.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5878\" src=\"https:\/\/s3-us-west-2.amazonaws.com\/courses-images\/wp-content\/uploads\/sites\/5107\/2020\/10\/16172019\/allgo-an-app-for-plus-size-people-nK1aIl6k2ug-unsplash-1024x683.jpg\" alt=\"a plus sized black woman sitting at a table in front of a laptop.\" width=\"400\" height=\"267\" \/>For Jonick, fixed assets for 2019 were $1.093 million and long term debt was $911,000, giving an approximate ratio of 1.2:1. This is often stated simply as 1.2 or 1.2 times; fixed assets are 1.2 times the amount of long-term borrowings.<\/p>\n<p>Again, the numbers by themselves are not necessarily indicative of the health of a business. They must be assessed in relation to other metrics, in relation to other periods, and in relation to other businesses, industry averages, and expectations.<\/p>\n<p>Now, let&#8217;s practice what you have learned.<\/p>\n<section class=\"textbox tryIt\" aria-label=\"Try It\"><iframe loading=\"lazy\" id=\"ohm25260\" class=\"resizable\" src=\"https:\/\/ohm.one.lumenlearning.com\/multiembedq.php?id=25260&theme=lumen&iframe_resize_id=ohm25260&source=tnh\" width=\"100%\" height=\"150\"><\/iframe><\/section>\n","protected":false},"author":6,"menu_order":23,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Introduction to Measures of Profitability\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc\",\"description\":\"Principles of Financial Accounting\",\"author\":\"Christine Jonick\",\"organization\":\"\",\"url\":\"https:\/\/web.ung.edu\/media\/university-press\/Principles-of-Financial-Accounting.pdf?t=1601063299615\",\"project\":\"\",\"license\":\"cc-by-sa\",\"license_terms\":\"\"},{\"type\":\"original\",\"description\":\"Debt to Total Assets Ratio\",\"author\":\"Joseph Cooke\",\"organization\":\"Lumen Learning\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"cc-attribution\",\"description\":\"Untitled\",\"author\":\"AllGo\",\"organization\":\"Unsplash\",\"url\":\"https:\/\/unsplash.com\/photos\/nK1aIl6k2ug\",\"project\":\"\",\"license\":\"cc0\",\"license_terms\":\"Unsplash License\"}]","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"part":362,"module-header":"- Select Header -","content_attributions":[{"type":"original","description":"Introduction to Measures of Profitability","author":"Joseph Cooke","organization":"Lumen Learning","url":"","project":"","license":"cc-by","license_terms":""},{"type":"cc","description":"Principles of Financial Accounting","author":"Christine Jonick","organization":"","url":"https:\/\/web.ung.edu\/media\/university-press\/Principles-of-Financial-Accounting.pdf?t=1601063299615","project":"","license":"cc-by-sa","license_terms":""},{"type":"original","description":"Debt to Total Assets Ratio","author":"Joseph Cooke","organization":"Lumen Learning","url":"","project":"","license":"cc-by","license_terms":""},{"type":"cc-attribution","description":"Untitled","author":"AllGo","organization":"Unsplash","url":"https:\/\/unsplash.com\/photos\/nK1aIl6k2ug","project":"","license":"cc0","license_terms":"Unsplash License"}],"internal_book_links":[],"video_content":null,"cc_video_embed_content":{"cc_scripts":"","media_targets":[]},"try_it_collection":null,"_links":{"self":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/385"}],"collection":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":3,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/385\/revisions"}],"predecessor-version":[{"id":997,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/385\/revisions\/997"}],"part":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/parts\/362"}],"metadata":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapters\/385\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/media?parent=385"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/pressbooks\/v2\/chapter-type?post=385"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/contributor?post=385"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/content.one.lumenlearning.com\/financialaccounting\/wp-json\/wp\/v2\/license?post=385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}