On December 31,2018,a Company Had Assets of $16 Billion and Stockholders

question 46

Multiple Choice

On December 31,2018,a company had assets of $16 billion and stockholders' equity of $8 billion.That same company had assets of $20 billion and stockholders' equity of $9 billion as of December 31,2019.During 2019,the company reported total sales revenue of $9 billion and total expenses of $7 billion.What is the company's debt-to-assets ratio on December 31,2019?

• A)0.55
• B)0.45
• C)0.035
• D)0.01

---

Definitions:

Fovea

An area near the center of the retina that is dense with cones and where vision is consequently most acute.

Cones

Cone-shaped photoreceptors that transmit sensations of color.

National Honor Society

An organization in the United States that recognizes high school students for their achievements in scholarship, leadership, service, and character.

Law of Continuity

A principle in Gestalt psychology stating that elements that are arranged on a line or curve are perceived to be more related than elements not on the line or curve.