Using the Following Balance Sheet and Income Statement Data, What

question 159

Multiple Choice

Using the following balance sheet and income statement data, what is the debt to assets ratio? $$\begin{array} { l r l r } \text { Current assets } & \$ 7,000 & \text { Net income } & \$ 15,000 \\\text { Current liabilities } & 4,000 & \text { Stockholders' equity } & 21,000 \\\text { Average assets } & 44,000 & \text { Total liabilities } & 9,000 \\\text { Total assets } & 30,000 & &\end{array}$$ Average common shares outstanding was 10,000.

• A) 20.5 percent
• B) 30 percent
• C) 33.3 percent
• D) 40.9 percent

---

Definitions:

E-Mail Communication

The exchange of messages through electronic mail, often used in healthcare for correspondence between providers and patients.

Professional Communication

The exchange of information and ideas between participants that conveys professionalism and facilitates work or business-related goals.

Texting Language

A form of written language characterized by abbreviations, acronyms, and emoticons, predominantly used in SMS and internet communications.

Registered Mail

A postal service offering enhanced security and tracking for mailed items, ensuring they are closely monitored until delivery.