A Company Has Total Assets of $350,000 Consisting of Current

question 97

Multiple Choice

A company has total assets of $350,000 consisting of current assets of $115,000, property, plant, and equipment of $200,000, and other assets of $35,000. The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000. What is the current ratio?

• A)3.50
• B)1.15
• C)1.77
• D)5.38

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Definitions:

Spousal Violence

Spousal violence involves physical, sexual, psychological, or emotional abuse by one spouse or intimate partner against the other, aiming to control, intimidate, or harm.

Police-reported

Refers to incidents, crimes, or events that have been officially reported to and recorded by law enforcement agencies.

Violent Crime

Acts that involve force or threat of force against others, including assault, robbery, and homicide.

Instrumental Traits

Characteristics related to task and goal achievement, often associated with masculinity, such as assertiveness and competitiveness.