Cider Company Has the Following Data $\begin{array}{lccc}2X13 & 2X12& 2X11\\\hline\end{array}$ Current Liabilities

question 5

Multiple Choice

Cider Company has the following data:
$\begin{array}{lccc}2X13 & 2X12& 2X11\\\hline\end{array}$
Current Liabilities:
$\begin{array} { l l l l } \text { Accounts Payable } & \$ 50 & \$ 30 & \$ 20 \\\text { Wages Payable } & 20 & 10 & 5 \\\text { Taxes Payable } & 10 & 5 & 15 \\\text { Current Long-Term Debt } & \underline { 10 } & \underline { 15 } & 5 \\\text { Totel Curent Liabilitief } & \$ 90 & \$ 60 & \$ 45\end{array}$
Long-Term Liabilities:
$\begin{array}{lccc}\text { Long-Term Debt} &35&45&40 \\\text { Total I iabilities} & \$ 125 & \$ 105 & \$85\end{array}$
Stockholders' Equity:
$\begin{array}{llll}\text { Common Stock } \$ 5 \text { par } & \$ 50 & \$ 50 & \$ 50 \\\text { Retained Earnings } & \underline{75} & \underline{60} & \underline{40} \\\text { Total Stockholders' Equity } &\$ 125&\$ 110 & \underline{\$ 90} \\\text { Total Liab. \& Stk. Equity } & \$ 250 & \$215&\$175\end{array}$
What is the total-debt-to-total-equity ratio for Cider Company in 2X13? Has the total-debt-to-total equity ratio improved or not improved since 2X12?

• A)0.28,improved
• B)0.36,improved
• C)0.36,not improved
• D)1.00,improved
• E)1.00,not improved

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