The Following Financial Statement Data Are Taken from Xeron Company's

question 27

Multiple Choice

The following financial statement data are taken from Xeron Company's 2012 annual report: $\begin{array}{lr}&\text { (in millions) }\\\text { Current assets } & \$ 12.6 \\\text { Investments } & 9.4 \\\text { Intangibles } & 6.8 \\\text { Property, plant, and equipment } & 58.1 \\\text { Current liabilities } & 6.4 \\\text { Long-term debt } & 39.7 \\\text { Stockholders' equity } & 40.8\end{array}$ Compute the debt ratio.

• A)196.9%
• B)113.0%
• C)53.0%
• D)45.7%
• E)none of the answers are correct

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Definitions:

Optimal Time

The most favorable or ideal time for achieving the best results or maximum efficiency in a given task or process.

Unchangeable Timetable

A schedule or plan that cannot be altered or modified.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses.

Middle Ear

The portion of the ear internal to the eardrum and external to the inner ear, containing three small bones that transmit sound vibrations to the inner ear.