Use the Following Information for Questions 60 Through 63

question 8

Multiple Choice

Use the following information for questions 60 through 63.
Information for Ramirez Corp. is given below: Additional information:
There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2015, and there were no changes in the Bonds Payable, Preferred Stock, or Common Stock accounts during 2015. Assume that preferred dividends for the current year have not been declared.
-At December 31, 2015, the current ratio was

• A) 1,500 ÷ 420.
• B) 4,450 ÷ 546.
• C) 3,126 ÷ 546.
• D) 3,126 ÷ 696.

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Definitions:

Preferences

The individual tastes and choices made by consumers in regard to different goods and services.

Macroeconomics

The part of economics concerned with the performance and behavior of the economy as a whole. Focuses on economic growth, the business cycle, interest rates, inflation, and the behavior of major economic aggregates such as the household, business, and government sectors.

Microeconomics

The part of economics concerned with (1) decision making by individual units such as a household, a firm, or an industry and (2) individual markets, specific goods and services, and product and resource prices.

Aggregates

A broad category of coarse to medium-grained particulate material used in construction, including sand, gravel, crushed stone, slag, and recycled concrete.