In a balance sheet Current Assets are $9 000; Long-term Assets are $11 000; Current Liabilities are
Long-term Liabilities are $8 000; and Total Owners' Equity is $5 000. What is the equity ratio?
A) 0.25
B) 0.33
C) 0.50
D) 0.75
E) 1.0
Correct Answer:
Verified
Q4: A factory produces two million hand-held computers
Q5: From the standpoint of financial accounting, annual
Q6: The extent to which a business relies
Q7: The Balance Sheet of YYY Ltd. is
Q8: Which of the following are NOT quick
Q10: What are the two basic summary financial
Q11: In a balance sheet Current Assets are
Q12: The return-on-assets ratio is a reflection of
Q13: What items should be treated as extraordinary
Q14: For a given firm, the balance sheet
A)summarizes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents