At the End of the Current Year, Leer Company Reported

question 144

Multiple Choice

At the end of the current year, Leer Company reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio on the last year-end was:

• A) $400,000.
• B) 66.67%.
• C) 33.3%.
• D) 75.0%.
• E) 300%.

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Definitions:

Change Programs

Initiatives or plans developed and implemented by an organization to improve processes, systems, or structures.

Employee Roles

The set of responsibilities, tasks, and expectations assigned to an individual employee within an organization.

Status Quo

The existing state of affairs or current condition, often used in the context of maintaining or challenging the existing situation or baseline.

Lewin's Approach

A model of change developed by Kurt Lewin, which includes the stages of unfreezing, changing, and refreezing to facilitate successful change implementation.