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:

Pupil Dilation

The expansion of the pupil of the eye, which can occur due to various factors, including emotional arousal, changes in light, or the influence of certain drugs.

Color Receptors

Specialized cells in the retina of the eye, called cones, that are sensitive to different wavelengths of light, enabling color vision.

Hermann Von Helmholtz

A German physicist and physician known for his contributions to the understanding of the conservation of energy, optics, and acoustics.

Thomas Young

A British polymath known for his contributions to the fields of vision, light, solid mechanics, energy, physiology, and language.