A Company Has a Current Ratio of 1

question 106

Short Answer

A company has a current ratio of 1.92,total liabilities of $193,849,long-term notes payable of $85,791,and a quick ratio of .96.What are total current assets for the company?

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Definitions:

Budget Constraint

The limitations on the consumption patterns of individuals or households, given their income and the prices of goods and services.

Choice Set

A collection of all possible options available to a consumer or decision-maker.

Choice Set

A collection of all the possible options available for a consumer to choose from in making a decision.

Clothing

Fabrics and textiles used for making garments that are worn on the body.