Rosewood Company Had Current Assets of $582, Current Liabilities of $433

question 149

Multiple Choice

Rosewood Company had current assets of $582, current liabilities of $433, total assets of $732, and no long-term liabilities. What is Rosewood's debt ratio?

• A) 0.59
• B) 0.80
• C) 1.34
• D) 1.95

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Definitions:

Poor

Individuals or groups lacking in financial resources or wealth, which affects their ability to access basic needs like food, shelter, and healthcare.

Holocaust

The genocide of approximately six million Jews during World War II by Nazi Germany, led by Adolf Hitler, as part of a systematic and state-planned program of extermination.

Zygmunt Bauman

A Polish sociologist known for his analyses of modernity, consumerism, and globalization, and his concept of "liquid modernity."

Modernization

The transition from traditional, rural, and agrarian societies to a secular, urban, industrial, and technological society.