A Firm Has Total Assets of $638,727, Current Assets of $203,015

question 96

Multiple Choice

A firm has total assets of $638,727, current assets of $203,015, current liabilities of $122,008, and total debt of $348,092.What is the debt-equity ratio?

• A)1.03
• B)1.20
• C)1.31
• D)1.43
• E).87

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Definitions:

Consumer Ethnocentrism

Consumer Ethnocentrism is the belief held by consumers that products from their own country are superior to those from other countries, influencing their purchasing decisions.

Xenophobia

A fear or hatred of strangers or foreigners, often manifesting in discriminatory attitudes or actions.

Nationalism

A political ideology centered on achieving and maintaining self-governance and full sovereignty for a cultural or ethnic group.

Currency Exchange Rate

The price of one country’s currency expressed in terms of another country’s currency.