A Corporation Reports the Following Year-End Balance Sheet Data A)058
B)1

question 30

Multiple Choice

A corporation reports the following year-end balance sheet data.The company's current ratio equals: $$\begin{array} { l r l r r } \text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 5,000 \\\text { Accourts receivable } & 55,000 & \text { Long-temn liabilities } & 35,000 \\\text { Irventory } & 60,000 & \text { Cormon stock } & 100,000 \\\text { Equiprment } & \underline{145,000} & \text { Retaired earnirgs } & \underline{90,000} \\\text { Total assets } & \underline{\$ 300,000} & \text { Total liabilities ard equity } & \underline{\$ 300,000}\end{array}$$

• A)0.58
• B)1.27
• C)2.07
• D)0.37
• E)0.63

---

Definitions:

Western Countries

Nations, predominantly in the Western Hemisphere and Europe, characterized by democratic forms of government, capitalist economies, and liberal social values.

Intense Experiences

Intense experiences are profoundly deep or extreme events that have a significant emotional, psychological, or physical impact on an individual.

Sensation Seeking

The tendency to seek out varied, novel, complex, and intense experiences and sensations.

Risks

The potential for losing something of value or the possibility of an undesirable outcome.