Table 4-6
Selected Accounting Data as at December 31, 2019

question 15

Multiple Choice

Table 4-6
Selected accounting data as at December 31, 2019 for Martineau Delivery follows: $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 25,000 \\\hline \text { Accounts payable } & 33,000 \\\hline \text { Accounts receivable } & 34,000 \\\hline \text { Salary payable } & 7,500 \\\hline \text { Supplies } & 6,600 \\\hline \text { Unearned revenue } & 16,500 \\\hline \text { Prepaid rent } & 4,000 \\\hline \text { Mortgage payable (due 2023) } & 48,000 \\\hline \text { Equipment } & 52,000 \\\hline \text { C. Lexus, Capital } & 10,000 \\\hline \text { Accum. amort. -equipment } & 12,000 \\\hline \text { Service revenue } & 69,000 \\\hline \text { Salary expense } & 31,000 \\\hline \text { Accum. amort. -furniture } & 6,000 \\\hline \text { Furniture } & 49,400 \\\hline\end{array}$$
-Referring to Table 4-6, the debt ratio is:

• A)1.46.
• B)0.82.
• C)1.22.
• D)0.69.

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Definitions:

Farm Programs

Government initiatives designed to support farmers, stabilize food prices, and ensure a steady supply of agricultural products through subsidies, loans, and other means.

Agricultural Resources

Inputs used in the production of agricultural goods, such as land, labor, and capital, along with more specific resources like seeds and fertilizers.

United States

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European Union

A political and economic union of 27 European countries that are located primarily in Europe, fostering cooperation in economic, social, and security matters.