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

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Definitions:

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.

Photosynthesis Products

The outputs of the photosynthesis process, primarily oxygen and glucose, produced by green plants, algae, and cyanobacteria.

Photosynthetic Organisms

Life forms that convert light energy into chemical energy through the process of photosynthesis, typically including plants, algae, and certain bacteria.

Solar Energy

Energy derived from the sun's rays, which can be converted into other forms of energy such as electricity or heat.