Alliance Plus Has Total Liabilities of $181,000, Current Liabilities $46,000

question 5

Multiple Choice

Alliance Plus has total liabilities of $181,000, current liabilities $46,000, and stockholders' equity $310,000. What is the debt to total stockholders' equity ratio? (Round your answer to two decimal places, X.XX%.)

• A) 171.27%
• B) 25.41%
• C) 14.84%
• D) 58.39%

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Definitions:

Table: Price Elasticity

A tabulated representation that shows how the quantity demanded of a good or service responds to changes in its price, indicating the sensitivity of consumers to price changes.

Midpoint Formula

A method used in economics and mathematics to calculate the average of two points on a line, often employed to find the elasticity of demand.

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Peanuts that have been coated in chocolate, serving as a sweet and crunchy snack.

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The total value of sales of a good or service (the price of the good or service multiplied by the quantity sold).