Using the Following Balance Sheet and Income Statement Data for Castillo

question 85

Multiple Choice

Using the following balance sheet and income statement data for Castillo Company what percentage of the company is financed with equity? $$\begin{array} { l r l r } \text { Current assets } & \$ 41,000 & \text { Net income } & \$ 48,000 \\\text { Current liabilities } & 22,000 & \text { Stockholders' equity } & 75,000 \\\text { Average assets } & 210,000 & \text { Total liabilities } & 125,000 \\\text { Total assets } & 200,000 & &\end{array}$$

• A)24.3 percent
• B)35.7 percent
• C)37.5 percent
• D)62.5 percent

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Isotope

A variant of a particular chemical element that has the same number of protons but a different number of neutrons in its nucleus, leading to variations in atomic mass.

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Protective equipment used during diagnostic radiographic procedures to protect the reproductive organs from exposure to radiation.

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Imaging by sections or sectioning, through the use of any kind of penetrating wave or mechanical vibrations.