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:

World System Theory

A socio-economic theory that suggests the world is a complex system influenced by economic and political relationships between countries, emphasizing the division between core and periphery nations.

Economic Hierarchy

Details the structured ranking of individuals, organizations, or countries based on their economic power, wealth, or resources, influencing their status and opportunities within a society.

Political Hierarchy

A system of organization in politics where individuals or groups are ranked according to power or authority.

Modernization Theory

A theory suggesting that societal development occurs through a series of progressive stages, typically moving from traditional to modern industrial societies.