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:

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The unique combination of genes inherited from both parents that determines the biological characteristics and traits of an individual.

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