A Company Has Total Liabilities of $550 Million and Total

question 69

Multiple Choice

A company has total liabilities of $550 million and total equity of $300 million.Calculate this company's debt ratio.

• A)64.7%
• B)100%
• C)54.5%
• D)1.83 to 1
• E)The debt ratio cannot be determined without additional information.

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Definitions:

Collaborative Software Technology

Digital tools and platforms designed to facilitate cooperative work among team members located in the same or different geographical locations.

Electronic Brainstorming

A method of generating ideas and solutions over electronic media without the participants being physically present in the same location.

Automatically Disseminate

The process of distributing information or data widely through automated means, often using technology without the need for manual intervention.

Lateral Thinking Method

A problem-solving approach that involves looking at situations from alternative perspectives to find creative solutions.