In Its Closing Financial Statements for Its First Year in Business

question 39

Multiple Choice

In its closing financial statements for its first year in business, the Runs and Goses Company, had cash of $242, accounts receivable of $850, inventory of $820, net fixed assets of$3,408, accounts payable of $700, short-term notes payable of $740, long-term liabilities of $1,100, common stock of $1,160, retained earnings of$1,620, net sales of $2,768, cost of goods sold of $1,210, depreciation of $360, interest expense of $160, taxes of $312, addition to retained earnings of $508, and dividends paid of $218.
-What is Runs and Goses' debt-to-equity ratio?

• A)0.91
• B)2.15
• C)0.48
• D)1.12
• E)2.32

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Definitions:

Borderline Personality Disorder

A mental health disorder characterized by unstable moods, behavior, and relationships, often resulting in impulsive actions and a poor self-image.

Sexual Excitement

The arousal of sexual desires and readiness for sexual activity, often associated with physical and psychological responses.

Fetishism

A psychological condition where sexual arousal and gratification are linked to nonliving objects or specific, non-genital body parts.

Antisocial Personality Disorder

A mental disorder where a person consistently shows no regard for right and wrong and ignores the feelings and rights of others.