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

Comprehend the relevance of financial statement analysis, creditworthiness assessments, and the use of financial instruments in managing credit risk.

Calculate budgeted direct labor and direct material costs.

Understand the concept and calculation of budgeted overhead costs.

Calculate expected sales dollars and unit sales growth.

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Definitions:

Anticipatory Socialization

The process of preparing for future changes in roles or social situations by adopting new norms and behaviors in advance.

Secondary Socialization

Follows primary socialization and occurs through participation in more specific groups with defined roles and expectations.

Role Distance

The gap or difference between the behavior expected of an individual in a specific role and the actual behavior exhibited by that individual.

Evolved Desire

Biological or psychological motivations that have developed over time through natural selection to promote survival and reproduction.