The Following Information Pertains to Unique Company What Is the Current Ratio for This Company?
A) 1

question 20

Multiple Choice

The following information pertains to Unique Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. $$\begin{array} { l r } \text { Gross profit } & 40,000 \\\text { Operating expenses } & 20,000 \\\text { Net income } & \$ 20,000 \\& \\\text { Number of shares of common stock } & 6,000 \\\text { Market price of common stock } & \$ 20 \\\text { Dividends per share on common stock } & 0.90 \\\text { Cash provided by operations } & \$ 30,000\end{array}$$ What is the current ratio for this company?

• A) 1.42
• B) 0.80
• C) 1.16
• D) 0.60

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Definitions:

Type B Personality

Characterized by a generally laid-back, less competitive, and less stressed approach to life, in contrast to Type A personality.

Fight-Or-Flight Response

A physiological reaction to perceived danger or threat, preparing the body to either confront or flee from the situation.

Daily Hassles

The daily annoyances, such as getting stuck in traffic or misplacing your keys, that can cause stress in your life.

Type B Personality

A personality type characterized by a less competitive, more relaxed, and less stress-prone behavior pattern than Type A.