Teague Industries Presented Below Is Selected Financial Data for Teague

question 160

Multiple Choice

Teague Industries Presented below is selected financial data for Teague Industries for the current year:
$\begin{array}{|c|c|c|c|}\hline \text { Current assets: } & & \text { Current liabilities } & \\\hline \text { Cash and cash equivalents } & \$ 3,583 & \text { Accounts payable } & \$ 5,345 \\\hline \text { Short-term investments } & 1,635 & \text { Other current liabilities } & \underline{2,932} \\\hline \text { Receivables, net } & 1,881 & \text { Total current liabilities } & 8,277 \\\hline \text { Merchandise inventories } & 6,245 & \text { Noncurrent liabilities } & 5,176 \\\hline \text { Other current assets } & 1,965 & \text { Shareholders' Equity } & \underline{6,210} \\\hline \text { Total current assets } & 15,309 & \begin{array}{l}\text { Total liabilities and } \\\text { shareholders' } \\\text { equity }\end{array} & \$ 19,663 \\\hline \text { Noncurrent assets } & 4,354 & & \\\hline \text { Total assets } & \$ 19,663 & & \\\hline \text { Revenues } & \$ 50,826 & & \\\hline \text { Costs and Expenses } & 45,963 & & \\\hline \text { Operating Income } & 4,863 & & \\\hline \begin{array}{l}\text { Other income/expense (including } \\\text { interest expense of } \$ 50 \text { ) }\end{array} & (26) & & \\\hline \text { Income before income tax } & 4,837 & & \\\hline \text { Income taxexpense } & (1,449) & & \\\hline \text { Net income } & \$ 3,388 & & \\\hline\end{array}$

Previous Years' Financial Data
$$\begin{array} { | l | r | } \hline \text { Total Assets } & \$ 17,220 \\\hline \text { Shareholders' Equity } & 3,970 \\\hline\end{array}$$
The debt to equity ratio for Teague Industries is ________. (Round your answer to two decimal places, X.XX.)

• A) 1.14
• B) 0.83
• C) 1.33
• D) 2.17

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