The 2013 and 2014 Partial Balance Sheets for Ottoman Manufacturing

question 80

Multiple Choice

The 2013 and 2014 partial balance sheets for Ottoman Manufacturing Company appear below: What is the debt-to-equity ratio for 2014?

• A)2.19
• B)1.80
• C)1.25
• D)0.46

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Definitions:

Optimum Purchasing

The process of buying goods and services in the most efficient and cost-effective manner, maximizing value for the purchaser.

Sweaters

Garments intended for upper body warmth, traditionally made from wool but now also from synthetic fibers.

Shirts

Garments for the upper body, typically with sleeves and a collar, and often used as everyday wear or formal attire.

Optimum

The most favorable condition or level for growth, reproduction, or success, often used in contexts of efficiency or economic well-being.