Protan Ltd Has the Following Summary Balance Sheet at Year-End

question 48

Multiple Choice

Protan Ltd has the following summary balance sheet at year-end.
Current assets $ 700 000
Long-term assets 1 000 000
Current liabilities 100 000
Long-term liabilities 300 000
Share capital 600 000
Retained earnings 700 000
The debt ratio at year-end is:

• A) 76.5 %.
• B) 23.5 %.
• C) 40 %.
• D) 17.6%.

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Definitions:

Social Interaction

The process by which individuals act and react in relation to others within a social context.

Personalities Develop

The process by which individual characteristics, traits, and patterns of behavior form and evolve over time.

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Period Of Years

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