Gem Jewelers Has Current Assets of $687,600, Total Assets of $1,711,000

question 99

Multiple Choice

Gem Jewelers has current assets of $687,600, total assets of $1,711,000, net working capital of $223,700, and long-term debt of $450,000. What is the debt-equity ratio?

• A) 0.87
• B) 0.94
• C) 1.21
• D) 1.15
• E) 1.06

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Definitions:

Low-Skill

Referring to jobs or tasks that require a minimal level of education, training, or experience to perform.

Wage Gap

The difference in average earnings or wages between different groups of workers, such as between genders or races.

Unskilled Occupations

Jobs that require minimal technical training and education, often involving manual labor or routine tasks.

Skilled Occupations

Jobs that require specialized knowledge or abilities, often acquired through education, training, or experience.