If Your Total Assets Equal $50,000 and Your Total Liabilities

question 61

Multiple Choice

If your total assets equal $50,000 and your total liabilities equal $15,000; your debt ratio is

• A) 30%.
• B) 70%.
• C) 143%.
• D) 233%.
• E) 333%.

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Definitions:

Total Utility

Denotes the total satisfaction a consumer derives from consuming a specific quantity of goods or services.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Process Innovation

Innovations that involve a new or significantly improved production or delivery method, enhancing efficiency or quality.

Process Innovation

The introduction of a new or significantly improved production or delivery method to reduce costs, improve quality, or produce a good or service more efficiently.