A Company Has Total Assets of $1,000, Current Liabilities of $130

question 13

Multiple Choice

A company has total assets of $1,000, current liabilities of $130, and total liabilities of $350. What is the long-term debt ratio?

• A) .19
• B) .25
• C) .36
• D).31

Recognize the explanatory narratives that rationalize and reinforce religious beliefs and practices.

Grasp the collective body of ideas about the ultimate nature of reality shared within a culture.

Understand individualistic religious expression and its distinction from traditional practices.

Acknowledge the significance of ancestral and other spiritual beings in influencing the living in certain cultures.

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Definitions:

Absolute

A term typically used to describe something that is complete or total, often without limitation or qualification.

Infringed

To encroach upon someone’s rights or freedoms, or breach a law or agreement.

Reasonable Steps

Actions or measures that are considered sensible and proportionate in a given situation to achieve a specified outcome.

Welfare

A government program that provides financial aid to individuals or groups in need.