The balance sheet for Jim's Hardware has the following items listed. Current Liabilities, $25,345;
Long-Term Debt, $100,000; Total Liabilities, $125,345; Total Assets, $325,490. What is the Debt to
Equity Ratio for this company?
A) 0.499 B) 0.626 C) 0.385 D) 0.198 E) 0.307
B
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The factor for the present value of an ordinary annuity for 10% and eight periods is less than ________
A) the factor for the present value of an ordinary annuity for 8% and eight periods B) the factor for the present value of an annuity due for 10% and eight periods C) the factor for the present value of an ordinary annuity for 12% and eight periods D) the factor for the present value of an ordinary annuity for 10% and ten periods
Which of the following can create a tightly integrated operation without disrupting the original companies?
A) proxy takeovers B) strategic alliances C) mergers D) joint ventures E) acquisitions