What Is the Debt-To-Assets Ratio at the End of 2012

question 5

Multiple Choice

What is the debt-to-assets ratio at the end of 2012?

• A) .60
• B) .34
• C) .40
• D) .35

Distinguish between temporary and permanent differences and their impact on taxable income.

Understand the calculation and reporting of deferred income tax liabilities and assets.

Comprehend the differences between book income and taxable income and their effects on income taxes payable and income tax expense.

Identify how differences between tax depreciation and book depreciation affect tax liabilities and assets.

---

Definitions:

Annual Investment

The total sum of money invested in a particular option or portfolio in a year.

Present Values

The current value of a future amount of money or stream of cash flows given a specified rate of return.

Annuities

Financial products that provide a series of payments over time, often used for retirement savings or income generation.

Compute

To calculate or solve a problem, often using a computer.