The following financial statement data are taken from Xeron Company's 2012 annual report: (in millions) Current assets $12.6 Investments 9.4 Intangibles 6.8 Property, plant, and equipment 58.1 Current liabilities 6.4 Long-term debt 39.7 Stockholders' equity 40.8 Compute the debt ratio
a. 196.9%
b. 113.0%
c. 53.0%
d. 45.7%
e. none of the answers are correct
C
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Which of the following would be considered goods?
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Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave her as well off financially as with the annuity?
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What will be an ideal response?