Rating Corporation's balance sheet showed the following amounts for its liability accounts: Accounts Payable, $100,000; Bonds Payable, $150,000; Taxes Payable, $20,000; and Deferred Income Tax Liability, $5,000. Total assets was $500,000. The debt to assets ratio is:
A) 0.20
B) 0.35
C) 1.22
D) 0.55
D
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Which of the following is the strategic objective of the optimize position defensive core strategy?
A) divest for cash flow B) maximize profits C) diversify growth D) improve competitive position E) grow in existing markets
An accountant may accept an engagement to apply agreed-upon procedures to prospective financial statements provided that:
A. responsibility for the adequacy of the procedures performed is taken by the accountant. B. the prospective financial statements also are examined. C. negative assurance is expressed on the prospective financial statements taken as a whole. D. distribution of the report is restricted to the specified users involved.
Which of the following is a temporary account?
A) Interest Payable B) Property Taxes Expense C) Common Stock D) Cash
In behavioral learning, a(n) ________ is a stimulus or symbol perceived by consumers.
A. response B. attitude C. cue D. drive E. reinforcement