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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Instructional Approach

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Remediation

An approach to providing special instruction to students with disabilities, with the goal of eventually “catching them up” in the curriculum.

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