If Current Liabilities Are $90,000, Long-Term Liabilities Are $360,000, and Total

question 92

Multiple Choice

If current liabilities are $90,000, long-term liabilities are $360,000, and total assets are $600,000, what is the percentage of total liabilities to total assets?

• A)15 percent
• B)45 percent
• C)60 percent
• D)75 percent

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Definitions:

Cardiac Muscle Fibers

Specialized muscle cells in the heart characterized by their ability to contract rhythmically and continuously without fatigue to pump blood throughout the body.

Skeletal Muscle Fibers

Cellular components of skeletal muscles that contract to produce voluntary movements of the body.

Voluntary Control

The ability to consciously control movements of the body or parts of the body, such as limbs.

Striated

Having a series of linear marks, grooves, or ridges; often used to describe muscle tissue that appears striped under a microscope.