A Company with Liabilities of $2,816,000 and Equity of $826,000

question 127

True/False

A company with liabilities of $2,816,000 and equity of $826,000 has a debt to equity ratio equal to 29.33%

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Definitions:

Personal Initiative

An individual's action that is anticipatory, self-starting, and persistent in overcoming difficulties to achieve goals.

High Need

A strong requirement or desire for something, often essential for well-being or attainment of certain goals.

Achievement

The successful completion of a goal or task, often recognized by some form of reward or acknowledgment.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors; it is what causes you to act, whether it is getting a glass of water to reduce thirst or reading a book to gain knowledge.