The Following Information Was Available for the Year Ended December

question 42

Multiple Choice

The following information was available for the year ended December 31, 2019: $\begin{array}{lr}\text { Earnings before interest and taxes (operating income) } & \$ 50,000 \\\text { Interest expense } & 10,000 \\\text { Income tax expense } & 12,000 \\\text { Net income } & 28,000 \\\text { Total assets at year-end } & 200,000 \\\text { Total liabilities at year-end } & 120,000\end{array}$ The debt/equity ratio at December 31, 2019 was:

• A)40.0%
• B)60.0%
• C)66.7%
• D)150.0%

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Definitions:

Capacity Development

The process of enhancing the abilities of individuals, organizations, and communities to perform functions, solve problems, and set and achieve objectives.

Large-scale Change

Significant transformations that affect extensive aspects of an organization, a community, or society.

Separating People

Separating people involves creating physical or emotional distance between individuals or groups, often due to differences, conflicts, or to ensure privacy or safety.

Problem

A situation, question, or matter that is difficult to deal with or understand.