The Following Balance Sheet Information Is Provided for Santana Company

question 114

Multiple Choice

The following balance sheet information is provided for Santana Company for Year 2: $\begin{array}{lr}\text { Cash } & \$ 5,400 \\\text { Accounts receivable } & 15,500 \\\text { Inventory } & 18,000 \\\text { Prepaid expenses } & 1,600\\\text { Plant and equipment, net of depreciation } & 20,200 \\\text { Land } & \underline{19,950} \\\text { Total assets } & \underline{\$ 80,650} \\\text { Liabilities and Stockholders'Equity }\\\text { Accounts payable } & \$ 4,500 \\\text { Salaries payable } & 11,500\\\text { Bonds payable (due in ten year's) } & 19,000 \\\text { Common stock, no par } & 30,000 \\\text { Retained earnings } & \underline{ 15,650}\\\text { Total liabilities and stockholder's' equity } & \underline{ \$ 80,650}\end{array}$
What is the company's debt to equity ratio? (Rounded to nearest whole percent.)

• A) 42%
• B) 130%
• C) 43%
• D) 77%

Comprehend the concept of lateralization in the context of brain functions.

Understand the differences between mechanistic and organic structures.

Comprehend the concept of span of control and its implications in various organizational structures.

Identify organizational structures' implications on centralization, complexity, and the number of authority levels.

---

Definitions:

Billable Hours

The amounts of an employee's work time that can be charged to a client, typically used in legal and consulting professions.

Accounting Technician

A professional skilled in maintaining and examining financial records, and performing various accounting duties.

Graphical Method

A technique involving the use of graphs to solve mathematical equations or analyze data.

Pair Of Equations

Two mathematical equations set equal to each other, often used in solving problems that require finding values for two variables.