Sports Ltd Reports the Following Information: If Current Assets

question 60

Multiple Choice

Sports Ltd reports the following information: If current assets represent 60% of total assets, Sports Ltd's current ratio is:

• A) 50%.
• B) 150%.
• C) 67%.
• D) 200%.

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Definitions:

Xiphoid Process

the small, cartilaginous process extending from the lower part of the sternum, which becomes ossified in adults.

Sternum

The long, flat bone located in the central part of the chest, connecting with the ribs via costal cartilages to form the front part of the rib cage.

False Rib

Refers to the ribs that do not directly attach to the sternum but are connected to the true ribs above them.

Costal Cartilage

Flexible connective tissue that links the ribs to the sternum, facilitating the expansion and contraction of the chest cavity.