Consider this simplified balance sheet for Geomorph Trading: Current assets$150Current liabilities$85 Long-term assets 550Long-term debt 255 Other liabilities120 | Equity240 $7
Question:
Consider this simplified balance sheet for Geomorph Trading:
| Current assets$150 | Current liabilities$85 |
| Long-term assets 550 | Long-term debt 255 |
| Other liabilities120 | |
| Equity240 | |
| $700 | $700 |
a.What is the company’s debt-equity ratio?
b.What is the ratio of long-term debt to total long-term capital?
c.What is its net working capital?
d.What is its current ratio?
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Florene April 13, 2023 в 17:39The correct answer is (a) As price is decreased, quantity demanded increases more for demand curve A than demand curve B. The reason for this is that the slope of demand curve A is steeper (more negative) than the slope of demand curve B. A steeper slope means that a change in price will have a greater effect on the quantity demanded. In other words, a small decrease in price will lead to a larger increase in quantity demanded for demand curve A compared to demand curve B.
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