Explain the debt ratio and its use in analyzing a company's financial condition.
What will be an ideal response?
The debt ratio is calculated by dividing total liabilities by total assets. It reveals the percentage of the company's assets that are financed by creditors. The higher the ratio, the more risk a company has in trying to repay the debt and interest.
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Indicate whether the statement is true or false
The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):
A. Out-of-pocket cost. B. Differential cost. C. Sunk cost. D. Alternative cost. E. Opportunity cost.
The complimentary close recommended for general use on letters is Very truly yours
Indicate whether the statement is true or false
All of the following statements about the Digital Millennium Copyright Act (DMCA) are true except:
A) the DMCA makes it illegal to circumvent technological measures to protect works. B) the DMCA makes Internet Service Providers (ISPs) responsible and accountable for hosting Web sites or providing services to infringers regardless of whether the ISP is aware of infringement. C) the DMCA requires search engines to block access to infringing sites. D) the DMCA allows libraries to make digital copies of works for internal use only.