Krakov Company Has Total Assets of $170,000 and Total Liabilities

question 178

Multiple Choice

Krakov Company has total assets of $170,000 and total liabilities of $80,000.The company's debt-to-equity ratio is closest to:

• A) 0.32 to 1.
• B) 0.47 to 1.
• C) 0.53 to 1.
• D) 0.89 to 1.

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Definitions:

High Crimes and Misdemeanors

A category of offenses for which public officials, specifically in the U.S., can be impeached and removed from office, involving abuses of power or breaches of public trust.

Political Exercise

An action or series of actions carried out by individuals or groups to achieve a political goal, often involving participation in democratic processes or demonstrations.

Impeachment Process

The Impeachment Process is a formal procedure set forth by law for accusing and potentially removing from office public officials deemed to have committed "treason, bribery, or other high crimes and misdemeanors."

Hastert Rule

A political practice in the United States by which the Speaker of the House of Representatives will not bring a bill to the floor unless a majority of the majority party supports the bill.