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    Exam 15: The Role of Accountants and Accounting Information
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    A Company Has an Assets-To-Liabilities Ratio of 3:2 and Total
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A Company Has an Assets-To-Liabilities Ratio of 3:2 and Total

Question 42

Question 42

Multiple Choice

A company has an assets-to-liabilities ratio of 3:2 and total assets worth $6 million. What is its owners' equity?


A) $1 million
B) $2 million
C) $3 million
D) $9 million
E) $12 million

Correct Answer:

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