At the Beginning of the Current Year, Trenton Company's Total

question 184

Multiple Choice

At the beginning of the current year, Trenton Company's total assets were $248,000 and its total liabilities were $175,000. During the year, the company reported total revenues of $93,000, total expenses of $76,000 and owner withdrawals of $5,000. There were no other changes in owner's capital during the year and total assets at the end of the year were $260,000. Trenton Company's debt ratio at the end of the current year is:

• A) 1.42%.
• B) 70.6%.
• C) 48.6%.
• D) 67.3%.
• E) 32.7%.

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Definitions:

Movements

Actions or activities of changing position or place, or the potential for change in the physical position of the body or of objects.

Pressure

The force exerted on a surface area divided by the total area on which the force is exerted; often related to gases or liquids in scientific contexts.

Vestibular Receptors

Sensory receptors located in the inner ear that are responsible for providing the brain with information about motion, head position, and spatial orientation.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, responsible for sound detection and balance.