A Company Had Total Assets of $350,000; Total Liabilities of $101,500;

question 95

Short Answer

A company had total assets of $350,000; total liabilities of $101,500; and total equity of $248,500.Calculate its debt ratio.

---

Definitions:

Defense Mechanism

Psychological strategies used unconsciously by individuals to protect themselves from anxiety arising from unacceptable thoughts or feelings.

Reaction Formation

A defense mechanism where an individual expresses feelings or behaviors that are opposite to their actual feelings, often to hide their true emotions.

Doubts About His Religion

Experiencing uncertainty or questioning the beliefs and practices of one's religion, which can be a part of spiritual growth or lead to changes in religious identification.

Defense Mechanism

Tactics employed by the subconscious mind to adjust, deny, or warp reality as a means to guard against feelings of unease and unwanted desires.