A Company Has an Assets-To-Liabilities Ratio of 3:2 and Total

question 42

Multiple Choice

A company has an assets-to-liabilities ratio of 3:2 and total assets worth $6 million. What is its owners' equity?

• A) $1 million
• B) $2 million
• C) $3 million
• D) $9 million
• E) $12 million

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Definitions:

Substance Abusers

Individuals who excessively use or depend on drugs or alcohol, often to the detriment of their health, relationships, and responsibilities.

Alcoholic Employees

Employees who suffer from alcoholism, which can impact their performance at work and their relations with colleagues.

Drug Abusers

Individuals who use illegal drugs or misuse prescription drugs in a way that is harmful to themselves or others.

Productive

The efficiency and effectiveness with which input resources (like time, labor, and materials) are transformed into outputs (goods or services) that generate value.