2-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains...
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Accounting
2-Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below:
Albi Foods | Unimart, Inc. |
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Total liabilities, 2021 ...... | $43,610 | $23,817 |
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Total liabilities, 2020 ...... | 48,239 | 21,935 |
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Total assets, 2021 ...... | 64,743 | 29,652 |
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Total assets, 2020 ....... | 67,582 | 32,589 |
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Revenue, 2021 .... | 200,693 | 81,494 |
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Net income, 2021....... | 2,312 | 1,062 |
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To the nearest hundredth, what is the 2021 debt-to-equity ratio for Unimart?
Select one:
A. 2.89
B. 2.06
C. 4.08
D. 2.77
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3-Anchor, Inc. has a debt-to-equity ratio of 0.42 and Ballast Company has 0.28. Which of the following statements is true?
Select one:
A. Anchor reported more dollars of profit than Ballast
B. Anchor has more total debt than does Ballast
C. Anchor is able to bring its product to market more efficiently than Ballast
D. Ballast would likely be able to borrow money at a lower interest rate than would Anchor
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