The liabilities of a company at the end of the year are $500,000 and the total stockholders' equity at the end of the year is $1,500,000 . The ratio of liabilities to stockholders' equity is
a. 0.50 to 1.
b. 0.33 to 1.
c. 0.67 to 1.
d. 3 to 1.
b
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As an independent memory device, flash memory takes two main forms: as a memory card , and as a(n) _____.
A. USB port B. USB drive C. index drive D. index port
Diaz Company's first year in operation was Year 1. For Year 1, its cost of goods sold using FIFO was $240,000, and its ending inventory was $58,400. If Diaz had used the LIFO cost flow method, its ending inventory would have been $56,000. Required: a) What would the cost of goods sold have been with LIFO? b) Based on this information, was Year 1 a period of rising inventory prices or falling inventory prices?
What will be an ideal response?
The manufacturing overhead budget calculates the budgeted overhead cost for the year, but not the predetermined overhead allocation rate for the year
Indicate whether the statement is true or false
North Carolina enacts a statute that requires a label on a video game to warn parents when "the range of options available to a player include dismem-bering or sexually assaulting the image of a human being.". In a challenge to the statute by game makers, the state asks a federal court to enforce the statute. The state fails to show that the statute is justified by a compelling government
interest or that it is narrowly tailored to serve that interest. The court is most likely to a. hold that the statute is unconstitutional and refuse to enforce it. b. expand the label's warning to include other forms of violence. c. impose market-share liability on makers of violent video games. d. replace the voluntary rating system currently in use.