A Company Has Current Assets of $450,000 and a Current

question 157

Multiple Choice

A company has current assets of $450,000 and a current ratio is 2.5.Assume that the company prepays rent for 9 months in the amount of $20,000.The current ratio after this transaction is closest to:

• A) 2.39.
• B) 2.61.
• C) 2.5.
• D) 2.81.

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Definitions:

Social Psychologists

Scholars who examine the ways people perceive, experience emotions, and act within societal environments.

Evaluation Apprehension

Concern about how others are judging you and/or your performance.

Fascist Movements

Political ideologies or organizations that emphasize authoritarian nationalism, dictatorial power, and suppression of opposition.

20th Century

The period extending from January 1, 1901, to December 31, 2000, marked by significant global changes in technology, politics, and culture.