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:

Relative Advantage

The degree to which an innovation is perceived as better than the idea it supersedes.

Diffusion

The process through which an innovation is communicated over time among the participants in a social system.

Innovation

The act of inventing, evolving, and applying novel concepts, goods, or techniques to enhance or substitute the current ones.

Observability

The degree to which the results of an innovation or change can be seen and understood by others.