At the End of the Year Just Completed,Orem Company's Total

question 20

Multiple Choice

At the end of the year just completed,Orem Company's total current liabilities were $75,000,and its total long-term liabilities were $225,000.Working capital at year-end was $100,000.If the company's debt-to-equity ratio is 0.30 to 1,total long-term assets must equal which of the following?

• A) $1,000,000.
• B) $1,125,000.
• C) $1,225,000.
• D) $1,300,000.

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Definitions:

Human Resource Audits

A comprehensive examination of an organization's HR policies, procedures, and practices to ensure compliance, efficiency, and effectiveness.

Replacement Charts

Visual representations of who will replace whom when a job opening occurs.

Skills

Abilities or competencies acquired through training or experience that enhance an individual’s capacity to perform tasks.

Extrapolation

The process of estimating, beyond the original observation range, the value of a variable based on its known values.