What is a firm's debt ratio if its total assets are $135,000, equity is $75,000, current liabilities are $24,000, and total liabilities are $105,000?
A) 140%
B) 110%
C) 50%
D) 60%
E) 78%
E
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One way to ensure that the parties discuss all available information is to monitor ________ norms, which reflect the way the group engages in sharing and evaluating the information that is introduced.
Fill in the blank(s) with the appropriate word(s).
Moya Corporation adopted a plan of liquidation last year. All but a nominal amount of Moya's assets are distributed to its shareholders within the year. Which of the following statements is not true?
A. Moya Corporation retains its state charter. B. Moya Corporation has been liquidated for tax purposes. C. Moya Corporation's existence is preserved. D. The liquidation of Moya Corporation means the corporation has undergone dissolution.
The conservatism principle arises because of concerns about management's incentives to overstate the firm's performance. Joe Banks argues, "We could get rid of conservatism and make accounting numbers more useful if we delegated financial reporting to independent auditors rather than to corporate managers.". Do you agree? Why or why not?
One index of systematic risk is a stock's beta coefficient.?
Answer the following statement true (T) or false (F)