A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.58
B. 1.27
C. 0.63
D. 2.07
E. 0.37
Answer: E
You might also like to view...
Any western country doing business in Malaysia or the Middle East should have an understanding of:
A) the French Civil Code. B) Anglo-Saxon common law. C) Islamic law. D) the Uniform Commercial Code. E) Roman law and the Napoleonic Code.
Examples of hypotheses related to paired samples include all of the following EXCEPT:
A) Shoppers consider brand name to be more important than price while purchasing fashion clothing. B) Households spend more money on pizza than they do on hamburgers. C) The proportion of households who subscribe to a daily newspaper exceeds the proportion subscribing to magazines. D) The new service plan will be preferred by at least 70 percent of the customers. E) The proportion of a bank's customers who have a checking account exceeds the proportion who have a savings account.
If a fire destroys the merchandise inventory, the gross profit method can be used to estimate the cost of merchandise destroyed
Indicate whether the statement is true or false
The salesperson has just asked the prospect to order three cases of pet flea collars and his prospect says, "I want to think it over." Which close is best suited for this situation?
A. Probability B. Balance-sheet C. Minor-points D. Assumptive E. Standing-room-only