IBD Corporation has Current Assets of $200,000, Long Term Assets of $300,000, Current Liabilities of $100,000, Long Term Liabilities of $200,000, Paid in Capital of $150,000, and Retained Earnings of $50,000. Calculate IBD's debt to assets ratio?
A) .40
B) .60
C) .20
D) .90
B
You might also like to view...
After creating a message strategy statement, the advertiser must develop a compelling ________ that will bring the message strategy to life in a distinctive and memorable way
A) creative concept B) customer strategy C) customer benefit D) execution style E) media vehicle
Jackson's place of business is rather fashion conscious. This fashion consciousness influences how he dresses and where he shops. It also reflects the business's
A. reference group. B. culture. C. psychology. D. situational factors. E. attitude.
Fraud in factum: A) occurs when a person is persuaded to execute an instrument because of fraudulent statements
B) occurs when a person signs an instrument as a result of being fraudulently deceived regarding essential terms. C) is not a universal defense. D) cannot be raised against a holder in due course.
Garry Corporation's most recent production budget indicates the following required production:Â OctoberNovemberDecemberRequired production (units)210,000175,000110,000?Each unit of finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November?
A. 1,006,250 B. 793,750 C. 893,500 D. 1,012,500