Selected Financial Information Presented Below Was Obtained from the Financial

question 187

Multiple Choice

Selected financial information presented below was obtained from the financial statements of Terripin Industries: $\begin{array}{lr}\text { Current Assets } & \$ 80,000 \\\text { Property and Equipment, net } & 120,000 \\\text { Current Liabilities } & 90,000 \\\text { Noncurrent Liabilities } & 70,000 \\\text { Stockholder's Equity } & 40,000 \\\text { Sales Revenue } & 100,000 \\\text { Net Income } & 36,000\end{array}$ What is the debt-to-assets ratio?

• A)0.35
• B)0.80
• C)0.20
• D)1.00

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Definitions:

Distributive negotiation

Distributive negotiation is a bargaining process where parties aim to divide a fixed asset or resource, often leading to a win-lose scenario based on competitive tactics.

Disclose information

The act of revealing or making certain facts known, typically to facilitate transparency or build trust in negotiations or transactions.

Interests

The desires, concerns, needs, or goals that individuals or groups aim to achieve or satisfy in various contexts, such as negotiations or conflicts.

Gathering information

The process of collecting data or insights to inform decisions, solve problems, or understand situations more fully.