-Refer to Table 4 -2

question 54

Multiple Choice

-Refer to Table 4 -2. The Debt to Total Assets ratio for 2008 was approximately

• A) 0.51.
• B) 0.36.
• C) 1.95.
• D) 0.71.

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Definitions:

Available-For-Sale Security

A type of investment in debt or equity securities that is not classified as held-to-maturity or trading securities and can be sold in the short term.

Operating Activity

Transactions and events related to the core business functions of an organization, such as sales and purchases of goods or services.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, such as issuing debt, repaying loans, or distributing dividends.

Issued Bonds Payable

Long-term liabilities representing borrowed funds that a company must repay to bondholders.