Choose the Word or Phrase in [ ] Which Will

question 31

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-Total assets on your personal balance sheet are $6,000 and liabilities are $2,000.Your solvency ratio is [67% | 33%].

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Definitions:

Cash Paid for Wages

The amount of money disbursed by a company to its employees as compensation for labor.

Acquire Land

The action or process of obtaining ownership of land, often for business expansion, development, or investment purposes.