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

---

Definitions:

Federal Wage-and-hour Laws

Legislation that establishes minimum wage, overtime pay eligibility, and other employment standards.

Deferred Investigation

A postponed or delayed examination or inquiry into a specific matter or case.

Equal Employment Opportunity Commission (EEOC)

A federal agency responsible for enforcing federal laws that make it illegal to discriminate against a job applicant or an employee because of the person's race, color, religion, sex, national origin, age, disability, or genetic information.

State Division

A branch or section of government at the state level responsible for specific administrative functions or policies.