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In a Balance Sheet Current Assets Are $9 000; Long-Term

Question 8

Multiple Choice

In a balance sheet Current Assets are $9 000; Long-term Assets are $11 000; Current Liabilities are 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 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

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