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%.

---

Definitions:

Graph

A visual representation of data, which showcases the relationship between two or more variables through lines, bars, or other symbols.

Difference

The result of subtracting one value from another, often used in various contexts like mathematics, statistics, and economics.

X-Inefficiency

The difference between efficient behavior of businesses in a competitive market and their actual behavior due to a lack of competitive pressure.

Pure Competition

A market structure characterized by an unlimited number of small sellers, identical products, and free entry and exit, leading to perfect competition.