Selected Data from 2014 Financial Statements of Xi Corporation Include

question 192

Multiple Choice

Selected data from 2014 financial statements of Xi Corporation include the following (amount in millions) : Current assets ¥ 759
$$\begin{array} { l r } \text { Current assets } & ¥ 759 \\\text { Total assets } & 1,200 \\\text { Current liabilities } & 400 \\\text { Total liabilities } & 750 \\\text { Cash } & 80 \\\text { Interest expense } & 50 \\\text { income taxes } & 100 \\\text { Net income } & 160\end{array}$$
The debt to assets ratio is

• A) 62.5%.
• B) 52.7%.
• C) 1.60%.
• D) 6.2 times.

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Definitions:

Cultural Relativism

The principle that beliefs, values, and practices of a culture should be understood based on that culture's own context rather than judged against the criteria of another.

Amish

A group of traditionalist Christian church fellowships known for simple living, plain dress, and reluctance to adopt many conveniences of modern technology, originating from Swiss and German Anabaptist origins.

Ethnicity

An individual's or group's identity, often based on common ancestry, language, history, society, culture, or nation.

Culture Dynamic

The way in which the culture of a society changes and evolves over time through interactions within and outside its context.