Recent Financial Statement Data for Harmony Health Foods (HHF)Inc A)075
B)1

question 127

Multiple Choice

Recent financial statement data for Harmony Health Foods (HHF) Inc.is shown below.HHF's debt to equity ratio is (rounded to two decimal places) : $$\begin{array} { | l | r | l | r | } \hline \text { Current liabilities } & \$ 180 & \text { Income before interest and taxes } & \$ 125 \\\hline 10 \% \text { Bonds, long-term } & \underline{360} & \text { Interest expense } & \underline{36} \\\hline \text { Total liabilities } & \underline{540} & \text { Income betore tax } & 89 \\\hline \text { Stockholders' equity } & & \text { Income tax } & 27 \\\hline \text { Common stock } & 200 & \text { Net income } & \underline{\$ 62} \\\hline \text { Retained earnings } & 280 & & \\\hline \text { Total stockholders' equity } & \underline{480} & & \\\hline \text { Total liabilities and equity } & \$ 1,020 & & \\\hline\end{array}$$

• A)0.75.
• B)1.13.
• C)0.38.

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Definitions:

Gender Expectations

Societal norms and beliefs about the behaviors, attitudes, and characteristics appropriate for individuals based on their perceived sex.

Racial-Ethnic Group

A group of people who share common inherited characteristics including physical appearance, ancestry, cultural history, and often linguistic traits.

Social Class

A classification within society determined by socio-economic standing.

Cultures

The shared beliefs, practices, norms, and values of a group of people that shape their way of life and social interactions.