Using the Following Balance Sheet and Income Statement Data What

question 16

Multiple Choice

Using the following balance sheet and income statement data what is the debt to assets ratio? $$\begin{array}{l}\begin{array} { l r l r } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000\end{array}\\\text { Total assets } \quad 120,000\end{array}$$

• A)26 percent
• B)13 percent
• C)65 percent
• D)35 percent

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Definitions:

Prevent Conflict

Methods and strategies intended to avoid disputes or disagreements before they become more serious issues.

Improve Communication

The process of enhancing the exchange of information between individuals or groups to achieve clearer and more effective interactions.

Gossip

Informal or idle talk or rumors, especially about the personal or private affairs of others.

Stereotyping

The act of ascribing fixed, generalized traits to members of specific groups, often leading to prejudice and discrimination.