Using the Following Balance Sheet and Income Statement Data, What

question 102

Multiple Choice

Using the following balance sheet and income statement data, what is the debt to assets ratio? $\begin{array}{lrlr}\text { Current assets } & \$ 14,000 & \text { Net income } & \$ 21,000 \\\text { Current liabilities } & 8,000 & \text { Stockholders' equity } & 39,000 \\\text { Average assets } & 80,000 & \text { Total liabilities } & 21,000\\\text { Total assets } 60,000\end{array}$ Average common shares outstanding was 10,000.

• A) 26 percent
• B) 13 percent
• C) 65 percent
• D) 35 percent

---

Definitions:

Child Care

The supervision and care provided to children by individuals other than their primary caregivers, often encompassing educational and developmental activities.

Illness

A state of poor health, often characterized by symptoms and signs, and caused by factors like infections, genetic defects, or environmental stress.

Stress

A psychological and physical reaction to certain life events or situations that can disrupt an individual's balance.

Cross-cultural Variability

The diversity in norms, values, practices, and behaviors observed among different cultures, highlighting the variability of human experience and social organization.