Converse Florists & Co

question 40

Multiple Choice

Converse Florists & Co.reported assets of $1,100 and equity of $500.What is its debt ratio? (Round your percentage answer to two decimal places.)

• A) 54.55%
• B) 45.45%
• C) 100.00%
• D) 59.55%

---

Definitions:

Specific Target Date

A clearly defined date by which a particular goal or task is aimed to be completed.

Divergent Taxonomies

Divergent taxonomies refer to classification systems that categorize information or entities in a way that emphasizes differences and non-conformity.

Behavior Concepts

Principles or ideas that explain human actions and reactions in various situations, typically within the context of organizational behavior.

Developing Subordinates

The process of enhancing the skills, knowledge, and capabilities of employees through various forms of training, mentoring, and experience.