Ranger Company Has Assets of $5,000,000, Liabilities of $3,000,000, and Retained

question 67

Multiple Choice

Ranger Company has assets of $5,000,000, liabilities of $3,000,000, and retained earnings of $1,200,000. How much is total equity?

• A) $8,000,000
• B) $2,000,000
• C) $3,800,000
• D) $1,800,000

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Definitions:

Moderate Intensity

A level of exercise or physical activity that raises the heart rate and induces sweating, yet allows one to carry on a conversation.

Omega-3

A type of essential fatty acid found in fish oils and certain plant oils, beneficial for heart health and brain function.

Body Mass Index

A numerical calculation using height and weight to estimate a person's body fat and assess their risk for diseases related to overweight or obesity.

Moderate-Intensity Exercise

A level of exercise that raises the heart rate to 50-70% of the maximum heart rate, improving cardiovascular health without excessive strain.