Current Assets Are $40,000 and Long-Term Assets Are $50,000

question 78

Multiple Choice

Current assets are $40,000 and long-term assets are $50,000. Total liabilities are $60,000, of which current liabilities are 50%. The debt ratio is:

• A)0)58.
• B)0)67.
• C)0)17.
• D)0)86.

---

Definitions:

Residential Program

A structured living situation or treatment program where individuals reside full-time to receive support for various issues, such as substance abuse or mental health conditions.

Heroin

An illegal opioid drug derived from morphine, often used recreationally for its euphoric effects.

Constricted Pupils

A condition where the pupils of the eyes become smaller than normal, which can be a reaction to light, medication, or a sign of drug use.

Slurred Speech

Impaired articulation and unclear speech patterns, often a symptom of neurological disorders or intoxication.