Southport Industries Has Current Assets of $900,000 and a Current

question 103

Multiple Choice

Southport Industries has current assets of $900,000 and a current ratio is 2.50.Assume that the company prepays rent for 9 months in the amount of $40,000.The current ratio after this transaction is closest to:

• A)2.39.
• B)2.61.
• C)2.50.
• D)2.81.

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Definitions:

Eclectic Therapist

A mental health professional who employs a variety of therapeutic techniques and theories to tailor treatment to the specific needs of the patient.

Methods

Approaches, techniques, or processes used to collect data, conduct research, or solve problems.

Theories

Systematically organized principles or explanations for a set of facts or phenomena, often aiming to predict future occurrences.

Group Therapy

A therapy approach where several individuals undergo counseling together, guided by one or more therapists.