Orem Corporation's Current Liabilities Are $75,000, Its Long-Term Liabilities Are

question 223

Multiple Choice

Orem Corporation's current liabilities are $75,000, its long-term liabilities are $225,000, and its working capital is $100,000. If the corporation's debt-to-equity ratio is 0.30, total long-term assets must equal:

• A) $1,000,000
• B) $1,300,000
• C) $1,125,000
• D) $1,225,000

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Definitions:

Patient's Belongings

Personal items that a patient brings with them to a healthcare setting, which can include clothing, accessories, and electronic devices.

Unintentional Torts

Legal incidents in which harm is caused by negligence or unintentional actions, not by deliberate wrongdoing.

Malpractice

A type of negligence by a professional resulting in harm or damage to a patient or client.

Negligence

Failure to take reasonable care or steps to prevent loss or injury to another person, often leading to legal liability.