Table 4-5
Selected Accounting Data for Dustman Consulting Follows -Referring to Table 4-5, the Debt Ratio Is:
A)1

question 82

Multiple Choice

Table 4-5
Selected accounting data for Dustman Consulting follows: $$\begin{array} { | l | r | } \hline \text { Current assets } & \$ 74,000 \\\hline \text { Current liabilities } & 44,000 \\\hline \text { Property, plant and } & \\\text { equipment } & 95,000 \\\hline \text { Long-term liabilities } & 60,000 \\\hline \text { Total revenues } & 50,000 \\\hline \text { Total expenses } & 30,000 \\\hline\end{array}$$
-Referring to Table 4-5, the debt ratio is:

• A)1.41.
• B)1.62.
• C)1.09.
• D)0.62.

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Definitions:

American Trade Deficit

occurs when the total amount of goods and services the United States imports exceeds the amount it exports, leading to a net outflow of domestic currency to foreign markets.

Foreign Exchange Rate

The price of one currency in terms of another.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Gold Standard

A monetary system in which a country's currency or paper money has a value directly linked to gold, providing stability and confidence in the currency's value.