A Firm Has a Total Debt Ratio of 0

question 73

Multiple Choice

A firm has a total debt ratio of 0.47.This means the firm has $0.47 in debt for every

• A)$)53 in equity.
• B)$1.47 in total assets.
• C)$1.53 in total assets.
• D)$1 in total equity.
• E)$1.47 in total equity.

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Definitions:

Emails

Electronic messages sent or received over a computer network, used for personal or business communication.

Written Record

Documentation of information, events, or ideas preserved in written form.

Short Message Service

A text messaging service component of most telephone, internet, and mobile device systems that allows users to send and receive short text messages.

Memos

Short written communications typically used within an organization to inform or instruct employees.