The Following Data Represent Selected Information from the Comparative Income

question 67

Multiple Choice

The following data represent selected information from the comparative income statement and balance sheet for Hot Rolled Corporation for the years ended December 31, 2014 and 2013: •10,000 shares of common shares have been issued and outstanding since the company was established. They had a market value of $90 per share on December 31, 2013, and they were selling for $91.50 on December 31, 2014.
Refer to the table above. The debt ratio for Hot Rolled Corporation on December 31, 2014, was:

• A) 87
• B) 1.82
• C) 0.55
• D) 0.54

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