The Current Assets of Caitlin Company Are $360,000

question 52

Multiple Choice

The current assets of Caitlin Company are $360,000.The current liabilities are $240,000.The current ratio is

• A)1.25.
• B)1.50.
• C).67.
• D)cannot be determined from the information provided.

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Definitions:

Equal Payments

Payments that are the same in amount, typically referring to the consistent and periodic payments made over the life of a loan or for a subscription service.

Rate of Interest

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Final Payment

The last payment made to settle a financial obligation, completing the payment schedule.

Interest Annually

The payment received or owed for the use of money calculated over a one-year period.