At the End of the Current Year,Leer Company Reported Total

question 72

Multiple Choice

At the end of the current year,Leer Company reported total liabilities of $300,000 and total equity of $100,000.The company's debt ratio on the last year-end was:

• A)300%.
• B)33.3%.
• C)75.0%.
• D)66.67%.
• E)$400,000.

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Definitions:

Cognitive Functioning

The range of mental abilities including the capacity to learn, remember, solve problems, think abstractly, comprehend complex ideas, and use language.

Pessimistic People

Individuals who tend to see the worst aspect of things or believe that the worst will happen; a tendency to be gloomy and expect negative outcomes.

Immune System

System that protects the body from disease-causing microorganisms and affects susceptibility to diseases.

Negative Events

Occurrences or situations that are perceived as undesirable, harmful, or unfavorable, often triggering stress or emotional distress.