The Following Information Is from Acme's Annual Report for the Years

question 180

Multiple Choice

The following information is from Acme's annual report for the years ended Dec. 31:

-Refer to the Acme annual report above.Calculate the debt-to-equity ratio for 2011.

• A)0.24
• B)0.41
• C)3.75
• D)2.25

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Definitions:

Five And 62/100

A manner to express the numeric value 5.62, often found in financial documents.

Cash Money

Physical money in the form of banknotes and coins, as opposed to electronic or digital forms of currency.

Secure Location

A place that has been made safe against unauthorized access, attack, or other threats.

Checking Account

A bank account that allows the depositor to withdraw funds using checks or electronic debit, traditionally used for daily transactions.