Use This Balance Sheet and Income Statement to Answer the Following

question 83

Multiple Choice

Use this balance sheet and income statement to answer the following question. Use ending balances whenever average balances are required for computing ratios. The debt to equity ratio for Abner Systems is

• A) 67 percent.
• B) 75 percent.
• C) 25 percent.
• D) 33-1/3 percent.

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Definitions:

Superficial

On the surface.

Anaphylactic

A severe and rapid multisystem allergic reaction.

Chemical Substance

A form of matter with constant chemical composition and characteristic properties, distinct from mixtures or mechanical blends.