Camile Plastics Company Had the Following Total Assets,liabilities,and Equity as of December

question 91

Multiple Choice

Camile Plastics Company had the following total assets,liabilities,and equity as of December 31. $$\begin{array} { | l | r | } \hline \text { Assets } & \$ 430,000 \\\hline \text { Liabilities } & 132,000 \\\hline \text { Equity } & 298,000 \\\hline\end{array}$$ What is the company's debt ratio as of December 31? (Round your percentage answer to two decimal places. )

• A)30.70%
• B)69.30%
• C)100.00%
• D)44.30%

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Definitions:

Alternative Hypothesis

A proposition that suggests a statistical relationship or difference exists between data sets, typically tested against the null hypothesis.

One-way ANOVA

A statistical test that compares the means of three or more independent groups to see if there is a significant difference among them.

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States, known for its liberal policies.

T-test

A statistical test used to compare the means of two groups and determine if they are significantly different from each other.