Current Assets Are $40,000 and Long- Term Assets Are $50,000

question 69

Multiple Choice

Current assets are $40,000 and long- term assets are $50,000. Total liabilities are $60,000, of which current liabilities are 50%. The debt ratio is:

• A)0.67.
• B)0.86.
• C)0.58.
• D)0.17.

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Definitions:

Ruler

A tool in software applications that helps measure and align objects within documents or graphical projects.

Width Text Box

A graphical user interface element allowing users to input or view text, specifically designed to adjust or display the width measurement.

Right Mouse Button

The button on the right side of a mouse, typically used to open contextual menus or perform secondary actions.

Text Watermark

A faint, typically text-based design or mark added to document pages or images to indicate ownership, confidentiality, or another attribute, without obscuring the primary content.