Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.
A. 25.9%.
B. 34.9%.
C. 13.4%.
D. 14.9%.
E. 38.6%.
Answer: A
You might also like to view...
Which of the following often includes global inventory management?
a. design product and production processes b. generate master production schedule c. determine needs for materials d. develop detailed production instructions
There are many different stakeholders found in an organization. Stakeholders drive business strategies, and depending on the stakeholder's perspective, the business strategy can change. Which of the following is a main concern for the community?
A. Reliable contracts B. Fair compensation C. Exceptional customer service D. Professional associations
Why is it unconstitutional for a state government to ban products imported from a foreign country, even if the country engages in activities that are not condoned by that state?
What will be an ideal response?
During July, Audio City sold 200 radios for $50 each. Each radio had cost Audio City $30 to purchase and carried a two-year warranty. If 5 percent typically need to be replaced over the warranty period and one actually is replaced during July, the entry to record the Product Warranty Expense is:
a. Product Warranty Expense 30 Estimated Product Warranty Liability 30 b. Product Warranty Expense 150 Cash 150 c. Product Warranty Expense 300 Estimated Product Warranty Liability 300 d. Estimated Product Warranty Liability 600 Product Warranty Expense 600