A Firm Has a Total Debt Ratio of

question 99

Multiple Choice

A firm has a total debt ratio of .47. This means that that firm has 47 cents in debt for every:

• A) $1.00 in equity.
• B) $1.00 in total sales.
• C) $1.00 in current assets.
• D) $0.53 in equity.
• E) $0.53 in total assets.

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Definitions:

Luxembourg

A small, landlocked country in Western Europe known for its advanced economy and strong financial sector.

Public Notary

A public officer authorized to witness the signing of documents, administer oaths, and perform other acts to help prevent fraud.

Liable in Tort

Being legally responsible for wrongdoing or harm to another as determined by tort law.

Delivery Person

An individual responsible for transporting and delivering goods to customers or businesses.