Examlex

Solved

Justin Company Has Total Assets, Liabilities, and Shareholders' Equity of $38,000

question 21

Multiple Choice

Justin Company has total assets, liabilities, and shareholders' equity of $38,000, $17,000, and $21,000, respectively, at the beginning of 2017. At the end of 2017, total assets, liabilities, and shareholders' equity were reported at $32,000, $13,000, and $19,000, respectively. What is Justin's 2017 debt to equity ratio?


Definitions:

Genetic Material

Molecules within living cells that carry genetic information, primarily DNA or RNA, which guide the development, functioning, and reproduction of organisms.

Monozygotic (MZ) Twins

Twins that derive from a single zygote that has split into two; identical twins. Each MZ twin carries the same genetic code.

Dizygotic (DZ) Twins

Twins that derive from two zygotes; fraternal twins.

Canalization

A concept in developmental biology referring to the tendency of an organism to maintain developmental stability amidst genetic and environmental variations.

Related Questions