The Following Statement of fiNancial Position and Statement of Comprehensive

question 113

Multiple Choice

The following statement of financial position and statement of comprehensive income should be used. What is Woodburn's total debt ratio for 2015?

• A) 23.45 %
• B) 29.01 %
• C) 35.42 %
• D) 40.54 %
• E) 43.09 %

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Definitions:

Marginal Utility

The additional utility or enjoyment derived from the consumption of one more unit of a product or service.

Optimal Consumption

The mix of goods and services that maximizes the utility or satisfaction of a consumer given their budget constraint.

Utility

A measure of the satisfaction, usefulness, or pleasure that individuals get from consuming goods and services.

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