CLASS, a Newly-Opened Real Estate Agency, Has Twenty Employees on Its

question 49

Multiple Choice

CLASS, a newly-opened real estate agency, has twenty employees on its payroll. In June 2012, Jane and Selin, each took three days of leave of absence from work. What was the absenteeism rate of the company in June 2012?

• A) 3
• B) 6
• C) 1
• D) 2

---

Definitions:

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Liabilities

Financial obligations a company owes to external parties, including loans, accounts payable, and mortgages.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company’s total resources.

Trial Balance

A bookkeeping report that lists the balances in each of an organization's general ledger accounts, used to verify that total debits equal total credits in the accounting ledgers.