If Current Liabilities Are $90,000,long-Term Liabilities Are $270,000,and Total Assets

question 88

Multiple Choice

If current liabilities are $90,000,long-term liabilities are $270,000,and total assets are $600,000,what is the percentage of total liabilities to total assets?

• A) 15 percent
• B) 45 percent
• C) 60 percent
• D) 100 percent

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Definitions:

Technological Innovations

Developments in technology that introduce new methods, ideas, or products that significantly improve upon the existing standards.

International Markets

Overseas markets where goods, services, and financial securities are traded or offered, creating a platform for global economic exchange and investment opportunities.

Steamship Design

The architectural planning and engineering process involved in creating steam-powered vessels, pivotal to the 19th-century transportation revolution.

Wage Labor

A socioeconomic relationship where a worker sells their labor under a formal or informal agreement, and is paid a periodic wage or salary, not owning the means of production or the product of their work.