Using the Following Balance Sheet and Income Statement Data, What

question 98

Multiple Choice

Using the following balance sheet and income statement data, what is the debt to assets ratio? $$\begin{array} { l c l l } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000 \\\text { Total assets } & 120,000 & & \\\text { Average common shares outstanding was } 15,000 .\end{array}$$

• A)26 percent
• B)13 percent
• C)65 percent
• D)35 percent

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Definitions:

Compromise

A method of resolving disagreement that involves mutual concessions and agreement on a course of action that is acceptable to all parties involved.

Cooperativeness

The willingness to work together towards common goals or interests.

Conflict Management

The method of recognizing and managing disputes in a rational, equitable, and effective way.

Compromise

A method of resolving disputes by making mutual concessions to reach a mutually acceptable decision.