The Following Information Is Available for the Larry Company What Is the Debt-To-Equity Ratio at December 31,2014?
A) 27

question 76

Multiple Choice

The following information is available for the Larry Company:
$\begin{array} { l } \text { Net income for the year ended December 31,2014}&\$127.4\\ \text { Total stockholders' equity, December 31, 2014 }&500.0\\ \text { Total stockholders' equity, December 31, 2013 }&400.0\\ \text { Total liabilities, December 31, 2014}&240.0\\ \text { Total liabilities, December 31,2013}&182.0\\\end{array}$

What is the debt-to-equity ratio at December 31,2014?

• A) 27%
• B) 41%
• C) 48%
• D) 51%

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Definitions:

Fat

A natural oily substance occurring in animal bodies, especially when deposited as a layer under the skin or around certain organs.

Taste

A sense that enables the detection of flavors in substances, primarily through sensory organs on the tongue.

Frustrating

Experiencing feelings of disappointment or dissatisfaction as a result of unmet expectations or obstacles.

Change

The process of becoming different, which can refer to an alteration in physical state, position, or behavior over time.