Kramer Company Has Total Assets of $180,000 and Total Liabilities

question 74

Multiple Choice

Kramer Company has total assets of $180,000 and total liabilities of $60,000. The company's debt-to-equity ratio is closest to:

• A) 0.25
• B) 0.33
• C) 0.50
• D) 0.67

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Definitions:

Statistically

Pertaining to the use of or relating to statistics, which involves the collection, analysis, interpretation, and presentation of numerical data.

Separated

Describes a state where two or more entities are physically or symbolically disjoined or kept apart.

Formal Operational

The stage in Piaget's theory of cognitive development where individuals gain the ability to think abstractly, logically, and systematically.

Concrete Operational

A stage in Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events.