A Corporation Reports the Following Year-End Balance Sheet Data A) 058
B) 1

question 24

Multiple Choice

A corporation reports the following year-end balance sheet data.The company's debt ratio equals:
$$\begin{array} { | l | r |l |r | } \hline \text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 75,000 \\\hline \text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\hline \text { Inventory } & 60,000 & \text { Common stock } & 100,000 \\\hline \text { Equipment } & 145,000 & \text { Retained earnings } & 90,000 \\\hline \text { Total assets } & \$ 300,000 & \text { Total liabilities and equity } & \$ 300,000 \\\hline\end{array}$$

• A) 0.58
• B) 1.27
• C) 2.07
• D) 0.37
• E) 0.63

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Definitions:

Lacrimal Glands

Glands located in the upper outer region of the orbits that produce tears for lubrication and protection of the eye.

Oculomotor Nerve

The third cranial nerve responsible for controlling most of the eye's movements, including constriction of the pupil and maintaining an open eyelid.

Superomedial Corner

A term often used in anatomy to describe the upper and inner corner of a structure or organ.

Sty

Inflamed ciliary gland of the eye.