Alpha Company provided the following balance sheet for Year 2:
What is the company's plant assets to long-term liabilities ratio?
Definitions:
Great Depression
A severe worldwide economic downturn that took place during the 1930s, marked by high unemployment, widespread poverty, and deflation.
Prohibition
A period in American history, specifically from 1920 to 1933, during which the manufacture, sale, and transportation of alcoholic beverages was legally prohibited.
Noble Experiment
A term that refers to the period of prohibition in the United States during the 1920s and early 1930s intended to reduce crime and corruption, improve health, and improve social morals.
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