Stride Along Has Total Assets of $425 Million

question 97

Multiple Choice

Stride Along has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.

• A) 38.6%.
• B) 13.4%.
• C) 34.9%.
• D) 25.9%.
• E) 14.9%.

---

Definitions:

Social Emotion

Emotional responses that are influenced by interactions or relationships with other people, reflecting the collective or social aspect of emotions.

Embarrassment

A feeling of self-consciousness, shame, or awkwardness that arises when a person's actions, characteristics, or situation violates societal norms.

Credit Card

is a plastic card issued by a bank or financial institution allowing the holder to purchase goods or services on credit.

Date

A specific day of the month or year, often specified by a number.