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

question 85

Multiple Choice

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

• A) 0.19
• B) 0.25
• C) 0.36
• D) 0.31

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Definitions:

Tiktaalik

An extinct genus of fish-like tetrapods that represents an early step in the transition from water- to land-living animals.

Vertebrates

Animals that have a backbone or spinal column, including mammals, birds, reptiles, amphibians, and fish.

Polymerization

A chemical process that combines small molecules (monomers) into a larger compound (polymer) with repeating structural units.

Organic Monomers

Small organic molecules that can chemically bind to other molecules to form polymers, essential in the structures of life.