Camile Plastics Company Had the Following Total Assets, Liabilities, and Equity

question 105

Multiple Choice

Camile Plastics Company had the following total assets, liabilities, and equity as of December 31. What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places.)

• A) 30.93%
• B) 69.07%
• C) 100.00%
• D) 44.78%

---

Definitions:

Constant

A value that does not change in mathematical expressions or scientific experiments, contrasted with variables which can vary.

Slope

A measure of the steepness or incline of a line, representing the rate of change of a variable.

Path Coefficients

Standardized regression weights used in structural equation models that indicate the strength and direction of relationships between variables.

Causally Related

A relationship between variables where a change in one variable directly causes a change in another variable.