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

question 17

Multiple Choice

A corporation reports the following year-end balance sheet data.The company's debt-to-equity 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

Recognize the key events and figures in the civil rights movement of the 1950s and 1960s.

Understand the significance of the Montgomery Bus Boycott and its impact on the civil rights movement.

Comprehend the role and impact of the U.S. Supreme Court's decision in Brown v. Board of Education.

Recognize the global context of American race relations and its impact on the country's international image during the Cold War era.

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Definitions:

Contributory Program

A social welfare system that requires individuals to contribute through taxes or payments in order to be eligible for benefits or services.

Medicare Reform Bill

Legislation aimed at modifying and improving Medicare, the U.S. federal health insurance program for people who are 65 or older, and others with specific conditions.

Prescription Drug

Medications that require a healthcare professional's authorization before they can be purchased or dispensed.

Tax Deductions

Amounts that can be subtracted from an individual's or company's income before calculating the owed taxes, typically expenses that can be categorized as necessary costs of generating income.