Multiple Choice
Best Ball Bearings has a debt-to-total-assets ratio of 0.915 and Amazing Automotive has 0.99. Which of the following statements is true?
A) Amazing Automotive reported more dollars of profit than Best Ball Bearings.
B) Amazing Automotive has more total debt than does Best Ball Bearings.
C) Amazing Automotive is able to bring its product to market more efficiently than Best Ball Bearings.
D) Best Ball Bearings would likely be able to borrow money at a lower interest rate than would Amazing Automotive.
Correct Answer:
Verified
Correct Answer:
Verified
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