The Following Information Is Available from the Most Recent Financial

question 156

Multiple Choice

The following information is available from the most recent financial statements of the Attaché Corporation: $\begin{array}{lr}\text { Total Assets } & \$ 800,000 \\\text { Net Income } & 120,000 \\\text { Average total liabilities } & 400,000 \\\text { Sales revenue } & 1,500,000 \\\text { Total liabilities } & 500,000 \\\text { Average total assets } & 700,000\end{array}$ What is the debt-to-asset ratio?

• A)57.1%
• B)62.5%
• C)160%
• D)175%

---

Definitions:

Physical Activity

Any physical action generated by the contraction of skeletal muscles that leads to the consumption of energy, encompassing activities performed during work, play, household tasks, commuting, and leisure activities.

ACSM Guidelines

Recommendations set forth by the American College of Sports Medicine regarding physical activity and exercise for health and fitness.

Muscle Fitness Training

Exercise routines designed to increase muscle strength, endurance, and mass through resistance and weight training.

PRICE Method

An acronym for Protection, Rest, Ice, Compression, and Elevation; a first-aid strategy used to treat minor injuries or reduce pain and swelling.