A company is said to be 'high geared' when:
A) It has a low amount of long-term debt
B) It has a high amount of long-term debt
C) It has a low amount of current assets
D) It has a high amount of owner's equity
Correct Answer:
Verified
Q12: An example of a long-term asset is:
A)
Q13: Non-current assets include inventories and trade receivables.
Q14: What a company owns is known as
Q15: An example of a current asset is:
A)
Q16: The accounting equation can be stated as:
A)
Q18: A company with a high current ratio
Q19: The main purpose of financial accounting information
Q20: If non-current assets are £250,000,current assets £70,000,long-term
Q21: Which of the following statements is correct?
A)
Q22: Which of the following statements is correct?
A)
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