The Following Partial Balance Sheet Is Provided for Groome Company

question 113

Multiple Choice

The following partial balance sheet is provided for Groome Company: $\begin{array}{|l|r|}\hline \text { Liabilities and Stockholders' Equity } & \\\hline \text { Accounts payable } & \$ \quad 9,000 \\\hline \text { Salaries payable } & 12,000 \\\hline \text { Bonds payable (Due in 2020) } & 20,000 \\\hline \text { Common stock, no par } & 30,000 \\\hline \text { Retained earnings } & \underline { 54,000} \\\hline \text { Total liabilities and stockholder' equity } &\underline { \$ \quad 125,000} \\\hline\end{array}$ What is the company's debt to assets ratio (rounded to nearest whole percent) ?

• A) 49%
• B) 16%
• C) 33%
• D) Cannot be determined with the information given.

---

Definitions:

Incompatible Messages

Communications that contradict each other or cannot coexist due to differing aims or elements.

Meta Conflict

A conflict that arises over the way in which conflicts are managed or resolved, rather than the original issue itself.

Basic Types

Fundamental categories or classifications into which elements, ideas, or objects are grouped based on shared characteristics.

Role Conflict

A situation where an individual faces conflicting expectations from different roles they are required to perform.