Practice Quiz

Nurse Executive Certification Exam Prep

Category - Nurse Executive Practice Test

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Your health care corporation has $1,000,000,000 in total assets and $654,639,098 in total liabilities. What is the Asset/Liability Ratio for your health care corporation based on this data?
  1. 1.52
  2. 1.53
  3. 0.65
  4. 0.66
Explanation
Answer: B - The Asset/Liability Ratio for your health care corporation is 1.53. The Asset/Liability Ratio is calculated by dividing the total assets by the total liabilities. In this example, $1,000,000,000 divided by $654,639,098 is 1.527 which is then rounded off to 1.53.
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