The Texas Rustler Has Total Assets of $645,563 and an Equity

question 56

Multiple Choice

The Texas Rustler has total assets of $645,563 and an equity multiplier of 1.22.What is the debt-equity ratio?

• A).44
• B).32
• C)1.22
• D).22
• E)1.36

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Definitions:

Expansive

Characterized by a wide scope or the ability to increase in size, volume, or quantity.

Experimental

Pertaining to a methodical plan, test, or trial conducted under controlled conditions to discover, verify, or establish facts or principles.

Polyploidy

The condition of having more than two complete sets of chromosomes, common in plants and some animal species, leading to variation and sometimes increased size or vigor.

Plants

Plants are multicellular, predominantly photosynthetic eukaryotes of the kingdom Plantae, characterized by their ability to produce their own food through photosynthesis and their unique cell structures.