Flanders Company Has Total Assets of $360,000 and Total Liabilities

question 83

Multiple Choice

Flanders Company has total assets of $360,000 and total liabilities of $300,000.The company collects an account receivable of $20,000.After this transaction,the company's debt ratio will be:

• A)0.56.
• B)0.83.
• C)1.80.
• D)1.90.

---

Definitions:

Content Area Skills

Abilities and competencies specific to a particular field of study or domain of knowledge.

Structured Set

A carefully planned and organized collection of elements or instructions designed to achieve a specific educational or therapeutic outcome.

Learning Outcomes

Statements that specify what learners will know or be able to do as a result of a learning activity, often used to assess the effectiveness of educational programs.

Curriculum

A structured set of educational and instructional materials and guidelines designed to achieve specific learning objectives.