Gi Gi's Bakery Has Total Assets of $425 Million

question 161

Multiple Choice

Gi Gi's Bakery has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

• A)38.6%.
• B)13.4%.
• C)34.9%.
• D)25.9%.
• E)14.9%.

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Definitions:

Sales Team

A group within a company that is primarily focused on selling the organization's products or services to customers.

Bonus

An additional compensation or reward given to employees over their regular pay, often tied to performance or achievement.

Leadership

The act of guiding or directing a group towards achieving a common goal through influence and inspiration.

Development Priority

The importance assigned to different areas or aspects in the planning of growth or progress.