The Following Data Represent Selected Information from the Comparative Income

question 56

Multiple Choice

The following data represent selected information from the comparative income statement and balance sheet for Dunkin Company for the years ended December 31, 2011 and 2010: The debt ratio for Dunkin Company for 2011, was:

• A)1)87.
• B)0)50.
• C)0)55.
• D)1)82.

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Definitions:

Bankruptcy Trustee

A legally appointed individual responsible for managing and distributing the assets of a bankruptcy estate to creditors.

Second Restatement

A reference to specific updates or revisions in the American Law Institute's Restatements of the Law, which summarize the general principles of US law.

Principal

The primary party to a transaction or contract who has authorized another (agent) to act on their behalf or the main amount of debt before interest.

Constructive Notice

A legal fiction that signifies a person or entity should have known, as a reasonable person would have, even if they have no actual knowledge of it.