Krakov Company Has Total Assets of $170,000 and Total Liabilities

question 82

Multiple Choice

Krakov Company has total assets of $170,000 and total liabilities of $80,000.The company's debt-to-equity ratio is closest to which of the following?

• A) 0.32 to 1.
• B) 0.47 to 1.
• C) 0.53 to 1.
• D) 0.89 to 1.

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Definitions:

News Release

A written statement to the media to announce something newsworthy, aiming to get coverage and inform the public.

Self-Congratulatory

Describing an expression of one's own achievements or qualities in a way that shows excessive pride.

Descriptive Sentences

Phrases that provide detailed information or paint a vivid picture of a subject for the reader.

Written Request

A formal or informal communication method involving sending a question, petition, or requirement through written means.