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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Definitions:

Taste Preferences

An individual’s liking or disliking for certain flavors or types of food, often influenced by genetic factors, experiences, and culture.

Abnormal Conditions

Situations or health conditions that deviate from what is considered normal or typical.

Dietary Deficiencies

Conditions that occur when a person's intake of nutrients is insufficient to meet their body's needs, leading to health problems.

Adrenal Glands

Small glands located above the kidneys that produce hormones like adrenaline and cortisol, which help regulate metabolism, immune system, and stress responses.