A Firm Began the Current Fiscal Year with Total Assets

question 49

Multiple Choice

A firm began the current fiscal year with total assets of $8 million, common shares of $4 million and retained earnings of $2 million.At the end of the current year the firm reported net income of $1 million, all of which was retained by the firm.The debt-to-asset ratio for this reporting period is:

• A)0.25
• B)0.125
• C)0.75
• D)0.5

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Definitions:

Internal Company Data

Information collected from within an organization, used for analysis, decision-making, and strategic planning.

Competitive Intelligence

The systematic gathering of data about strategies that direct and indirect competitors are pursuing in terms of new-product development and the marketing mix.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about potential customers, competitors, and the industry as a whole.

Web Scraping

The process of automatically extracting large amounts of data from websites, typically using specialized software or scripts.