A Company Reports Total Assets of $910,000 and Stockholders' Equity

question 94

Multiple Choice

A company reports total assets of $910,000 and stockholders' equity of $530,000. Calculate the debt ratio. (Round your answer to two decimal places.)

• A) 36.81%
• B) 41.76%
• C) 58.24%
• D) 71.7%

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Definitions:

Meritorious Behavior

Actions or conduct deserving praise and reward, often associated with high standards of performance or ethics.

Material Reward

Tangible incentives such as money, bonuses, or gifts given to employees as recognition for their work or achievements.

Expectancy Theory

A psychological theory that explains motivation as a function of an individual's expectation that effort will lead to high performance and high performance will lead to desired outcomes.

Task

A specific piece of work or duty assigned to someone as part of a job or course of study.