Alpha Company Provided the Following Balance Sheet for Year 2

question 89

Multiple Choice

Alpha Company provided the following balance sheet for Year 2: $\begin{array}{|l|r|}\hline \text { Assets }\\\hline \text { Cash } & \$ \quad 5,400 \\\hline \text { Accounts receivable } & 15,500 \\\hline \text { Inventory } & 18,000 \\\hline \text { Prepaid expenses } & 1,600 \\\hline \text { Plant and equipment, net of depreciation } & 25,000 \\\hline \text { Land } & \underline { 19,950} \\\hline \text { Total assets } & \underline { \$ \quad 85,450} \\\hline\\\hline \text { Liabilities and Stockholders' Equity }\\\hline \text { Accounts payable } & \$ \quad4,500 \\\hline \text { Salaries payable } & 11,500 \\\hline \text { Bonds payable (Due in 2020) } & 10,000 \\\hline \text { Common stock, no par } & 30,000 \\\hline \text { Retained earnings } & \underline {29,450} \\\hline \text { Total liabilities and stockholder' equity } & \underline {\$ \quad 85,450} \\\hline\end{array}$ What is the company's plant assets to long-term liabilities ratio?

• A) 2.5
• B) 4.5
• Note that I changed correct answer
• C) 1.7
• D) None of these answers is correct.

Acknowledge the importance of culture for human survival and its learned aspect.

Understand the process of adaptation in cultures.

Analyze indicators of a culture's level of success and satisfaction within society.

Grasp the essential tools and approaches used by anthropologists in studying cultures.

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Definitions:

Typographical Errors

Mistakes made in the typing process of text, often resulting in incorrect spelling or improper formatting.

Unprofessional Attire

Clothing or outfits deemed inappropriate for business settings due to their casual, revealing, or non-traditional nature.

Waterproof

The quality of an object being impervious to water, preventing water from penetrating through that object.

Transparent Bag

A clear bag, often required for security purposes at public events, that allows contents to be seen from outside.