Mitchell Florists Had the Following Total Assets, Liabilities, and Equity

question 108

Multiple Choice

Mitchell Florists had the following total assets, liabilities, and equity as of December 31. $$\begin{array} { | l | r | } \hline \text { Assets } & \$ 450,000 \\\hline \text { Liabilities } & 135,000 \\\hline \text { Equity } & 315,000 \\\hline\end{array}$$ What is Mitchell's debt ratio as of December 31?

• A) 30%
• B) 70%
• C) 100%
• D) 43%

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Definitions:

Intergroup Conflict

Conflict that arises between different groups, such as ethnic, religious, or social factions, often fueled by competition or deep-seated prejudices.

Intergroup Exploitation

Occurs when one group takes advantage of another group, often through unfair or unethical means, to gain resources or maintain power.

Rewards

Benefits or positive outcomes that motivate behavior or serve as incentives for certain actions.

Competition

The activity or condition of striving to gain or win something by defeating or establishing superiority over others.