Atlantis Inc

question 76

Multiple Choice

Atlantis Inc. provides the following data: Calculate the debt to equity ratio.

• A)0.60
• B)0.92
• C)1.33
• D)0.63

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Definitions:

Treasury Stock

Shares of a company's own stock that it has repurchased from shareholders and can hold, reissue, or retire.

Common Stock

Represents ownership shares in a corporation, giving shareholders voting rights and a residue claim on corporate earnings in the form of dividends.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to investors, which are reinvested in the business.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.