Gi Gi's Bakery Has Total Assets of $425 Million

question 161

Multiple Choice

Gi Gi's Bakery has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

• A)38.6%.
• B)13.4%.
• C)34.9%.
• D)25.9%.
• E)14.9%.

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Definitions:

T-Distribution

The T-distribution, or Student's t-distribution, is a probability distribution that estimates the population parameters when the sample size is small and the population standard deviation is unknown.

T Distribution

A statistical curve that shows the standard deviations of samples taken from a population and is used when the population standard deviation is unknown and the sample size is small.

Standard Normal Distribution

A normal distribution with a mean of zero and a standard deviation of one.

Population Mean

The sum of the values in the population divided by the number of values in the population.