Stride Rite Has Total Assets of $425 Million

question 164

Multiple Choice

Stride Rite has total assets of $425 million.Its total liabilities are $110 million.Its equity is $315 million.Calculate the debt ratio.

• A)38.6%
• B)13.4%
• C)34.9%
• D)25.9%
• E)14.9%

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Definitions:

Subconscious

Part of the mind that operates below the level of conscious awareness, influencing thoughts, feelings, and behaviors without one's direct knowledge.

Unconscious Mind

A part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Displacement

In Freudian psychology, the unconscious shifting of an impulse or emotion from its original object to another object.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to someone else.