A Company Has Total Assets of $5,600,482,common Stock of 2,111,111,retained

question 73

Multiple Choice

A company has total assets of $5,600,482,common stock of 2,111,111,retained earnings of $1,058,473.What is the company's debt ratio?

• A)43.41%
• B)65.00%
• C)41.57%
• D)50.00%
• E)42.81%

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Definitions:

Materials Ledger

A record keeping system that tracks the quantities and costs of raw materials used and on hand in the manufacturing process.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.

Receiving Report

A document usually prepared by the receiving department detailing the goods received by a business, which is then used to verify invoices before payment.

Period Costs

Expenses that are not directly tied to the production of goods or services and are expensed within the period they occur.