Evergreen Corp. Has Provided the Following Data

question 77

Multiple Choice

Evergreen Corp. has provided the following data:
-The margin of safety percentage is:

• A)45.0%
• B)71.4%
• C)55.0%
• D)25.0%

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Definitions:

Debt-to-Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Solvency

The ability of an entity to meet its long-term financial obligations and continue its operations into the foreseeable future.

ASPE

Accounting Standards for Private Enterprises; a set of accounting practices and standards for private companies in Canada.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for preparing financial statements.