exam Maths Puzzle Numerical Ability

This is from a worksheet.
Write the equation of the line that passes through point (1,-8) with a slope of 0.
A) x=-8
B) y=1
C) y=-8
D) x=1

If the slope is zero, I came up with x=-8. Is that correct?

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You have the following data for the Morningside Corporation:

Current assets $400,000
Current ratio 2
Long-term debt $300,000
Total debt/equity 1

What are the c