May Cooperative Has Total Assets of $456,000, Current Assets $133,000

question 44

Multiple Choice

May Cooperative has total assets of $456,000, current assets $133,000, total liabilities $263,000, and current liabilities 87,000. What is the debt to total assets ratio?

• A) 24.33%
• B) 19.08%
• C) 197%
• D) 57.68%

Understand the application and benefits of just-in-time inventory systems.

Understand the principle of comparative advantage and its role in maximizing world output through specialization.

Recognize the reasons for international trade, including differences in resource endowments, economies of scale, and differences in tastes.

Calculate and interpret opportunity costs from given data to determine comparative advantages between countries.

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Definitions:

Production Technology

The methods, equipment, and techniques used in the manufacturing process to produce goods and services.

Sociological Theory

is a set of ideas that provides an explanation for human society, guiding research and thinking in sociology and other social sciences.

George Ritzer

An American sociologist best known for his concept of "McDonaldization," analyzing the effects of globalization and rationalization on society.

Western Domination

The historical and contemporary dominance of Western industrialized nations in global political, economic, and cultural systems.