Table 4-4
Selected Accounting Data as at December 31, 2019

question 102

Multiple Choice

Table 4-4
Selected accounting data as at December 31, 2019 for Huma Delivery follows: $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 11,000 \\\hline \text { Accounts payable } & 8,000 \\\hline \text { Accounts receivable } & 5,500 \\\hline \text { Salary payable } & 6,300 \\\hline \text { Supplies } & 1,200 \\\hline \text { Unearned revenue } & 2,200 \\\hline \text { Prepaid rent } & 4,600 \\\hline \text { Mortgage payable (due 2023) } & 5,500 \\\hline \text { Equipment } & 22,000 \\\hline \text { J. Huma, Capital } & 19,900 \\\hline \text { Accum. amort.-equipment } & 6,100 \\\hline \text { Service revenue } & 29,000 \\\hline \text { Salary expense } & 8,000 \\\hline \text { Furniture } & 12,000 \\\hline \text { Accum. amort. furniture } & 4,000 \\\hline \text { Amortization expense } & 6,800 \\\hline \text { Utilities expense } & 4,300 \\\hline \text { Rent expense } & 5,600 \\\hline\end{array}$$
-Referring to Table 4-4, the debt ratio is:

• A)0.48.
• B)0.99.
• C)0.36.
• D)1.11.

---

Definitions:

Luck Changes

Fluctuations in fortune or the occurrence of events that influence outcomes in a positive or negative way beyond one's control.

Low Self-esteem

The condition of having a low evaluation of one's own worth or abilities, often associated with a variety of mental health challenges.

Strengths

The innate or developed positive attributes and abilities of an individual.

Authoritative

Characterizes people or sources that command respect and are recognized for their knowledge, expertise, or status, granting them a position of authority.