Faultless, Inc. Selected Data from Faultless' Financial Statements Are Provided Below

question 19

Multiple Choice

Faultless, Inc.
Selected data from Faultless' financial statements are provided below:

-If current assets amount to $150, total assets are $350, current liabilities are $65, and total liabilities are $100, then the current ratio is:

• A) 3.50.
• B) 3.03.
• C) 2.31.
• D) 2.12.

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Definitions:

Low-Cost Strategy

A business approach aimed at gaining a competitive advantage by minimizing costs while maintaining acceptable quality and pricing for products or services.

Rival

A rival is a competitor or opponent who is in contention with another for the same objective or for superiority in the same field.

Differentiation Strategy

A business approach focusing on developing and marketing unique products or services to stand out from competitors and attract customers.

Market Niche

A specific segment of the market that a business targets, often characterized by unique preferences or needs.