Gi Gi's Bakery Has Total Assets of $425 Million

question 21

Multiple Choice

Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.

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

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Definitions:

Ataque De Nervios

A cultural syndrome associated with Spanish-speaking populations, characterized by symptoms of intense emotional upheaval, anxiety, and sometimes uncontrollable shouting or crying.

Dissociative Disorder

A mental health condition marked by a disconnection and lack of continuity between thoughts, memories, surroundings, actions, and identity.

Heated Argument

An intense and often emotional disagreement between parties, characterized by heightened tones and potentially aggressive exchanges.

Promotional

Activities or strategies aimed at boosting the visibility, sale, or acceptance of a product, service, or idea.