On the Balance Sheet of Last Year,a Company Reports Total

question 5

Multiple Choice

On the balance sheet of last year,a company reports total assets of $8 million,common shares (book value) of $4 million,and retained earnings of $2 million.At the end of the current year,the net income was $ 1 million,and the whole amount was retained by the firm.Everything else (each of the aforementioned amounts other than retained earnings) was held constant.The debt-to-assets ratio at the end of the current year is:

• A) 0.25
• B) 0.125
• C) 0.75
• D) 0.5

---

Definitions:

Menstrual Period

The monthly shedding of the uterine lining in females, often marked by bleeding.

Pap Test

A medical test performed on women to screen for cervical cancer by collecting cells from the cervix to identify any abnormalities.

Prenatal Visits

Regularly scheduled medical appointments during pregnancy to monitor the health of the mother and developing fetus.

Fundus

That portion of an organ most remote from its opening; with the uterus, the body of the uterus above the openings of the fallopian tubes.