Using the Following Balance Sheet and Income Statement Data, What

question 4

Multiple Choice

Using the following balance sheet and income statement data, what is the debt to assets ratio? $$\begin{array} { l r l r } \text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \\\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \\\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000 \\\text { Total assets } & 90,000 & &\end{array}$$ Average common shares outstanding was 15,000.

• A)20.5 percent
• B)30 percent
• C)33.3 percent
• D)40.9 percent

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Definitions:

Nursing Home

A residential facility for individuals who require continuous nursing care and have significant difficulty coping with the required activities of daily living.

Social Activity

Involves participation in events or activities that facilitate interaction and engagement with other people, contributing to community and personal relationships.

Hospital-Like Atmosphere

An environment that resembles a hospital setting in terms of cleanliness, medical equipment presence, and a focus on health and recovery.

Nursing Homes

Nursing homes are care facilities that provide residential care for elderly or disabled people who require constant nursing care and have significant deficiencies with activities of daily living.