At the Beginning of the Current Year, Taunton Company's Total

question 121

Multiple Choice

At the beginning of the current year, Taunton Company's total assets were $248,000 and its total liabilities were $175,000. During the year, the company reported total revenues of $93,000, total expenses of $76,000 and owner withdrawals of $5,000. There were no other changes in owner's capital during the year and total assets at the end of the year were $260,000. Taunton Company's debt ratio at the end of the current year is:

• A) 70.6%.
• B) 67.3%.
• C) 32.7%.
• D) 48.6%.
• E) Cannot be determined from the information provided.

---

Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, valuing differences in race, language, tradition, and religion.

Group Dynamics

The behavioral and psychological processes that occur within a social group, or between social groups.

Epidemiologist

A public health professional who investigates patterns and causes of disease and injury in humans, aiming to reduce risk and occurrence through research, community education, and health policy.

Case Manager

A professional who coordinates healthcare services and support for patients, often in hospitals or clinics, to ensure their care is comprehensive and seamless.