Given the Following Data:Dec

question 158

Multiple Choice

Given the following data:Dec. 31,Year 2 Dec. 31,Year 1Total liabilities $128,250 $120,000Total owner's equity 95,000 80,000Compute the ratio of liabilities to owner's equity for each year. Round to two decimal places.

• A) 1.50 and 1.07, respectively
• B) 1.35 and 1.50, respectively
• C) 1.07 and 1.19, respectively
• D) 1.19 and 1.35, respectively

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Definitions:

Anti-globalization

A movement opposing economic globalization, advocating for protections of national industries, the environment, and cultural identity.

Imperialism

A policy or practice of extending a country's power and influence through colonization, use of military force, or other means.

Homogenizing

In the context of social sciences, homogenizing refers to the process of making things uniform or similar, often by minimizing or eliminating differences.

International Trade

The exchange of goods and services between countries, which allows for increased efficiency and market expansion.