Happiness Catering Has Total Assets of $385 Million

question 133

Multiple Choice

Happiness Catering has total assets of $385 million.Its total liabilities are $100 million and its equity is $285 million.Calculate its debt ratio.

• A)35.1%.
• B)26.0%.
• C)38.5%.
• D)28.5%.
• E)58.8%.

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Republican Party

One of the two major contemporary political parties in the United States, traditionally espousing conservative and pro-business policies.

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Involves the active involvement of individuals in political processes and decision-making, which can include voting, campaigning, and engaging in public discourse.

Economic Inequality

The unequal distribution of wealth, income, or resources among individuals, communities, or countries, leading to disparities in living standards and opportunities.