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

question 148

Multiple Choice

ABC Company has total assets of $360,000 and total liabilities of $200,000. The company collects an account receivable of $20,000. After this transaction, the company's debt ratio will be:

• A) 0.56.
• B) 1.56.
• C) 1.80.
• D) 1.90.

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Definitions:

Teamwork

The assignment of work to groups of employees with various skills who interact to assemble a product or provide a service.

Empowerment

The process of giving employees power, resources, and opportunities to make decisions, take action, and contribute to the company's success.

Job Satisfaction

The level of contentment employees feel with their job roles, which can affect their performance and commitment to the organization.

Shared Knowledge

Information or understanding that is accessible to and shared among a group or community.