Stride Rite Has Total Assets of $425 Million

question 164

Multiple Choice

Stride Rite has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

• A)38.6%
• B)13.4%
• C)34.9%
• D)25.9%
• E)14.9%

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Definitions:

Resource Mobilization

The process of securing new and additional resources for an organization or project.

Decline Phase

A stage in the life cycle of entities such as organizations or products characterized by a decrease in relevance or performance.

Coalescence Phase

A stage in social movements where groups merge together, becoming more organized in their activities and clearer in their goals.

Coalesce

The process of coming together to form one mass or whole, often used to describe the unification of elements, ideas, or groups.