If a Business Has Current Assets of $62,000, Total Assets

question 2

Multiple Choice

If a business has current assets of $62,000, total assets of $350,000, current liabilities of $31,000, and total liabilities of $125,000, then its current ratio will be

• A)0.5.
• B)2.0.
• C)2.8.
• D)3.0.

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Definitions:

Illegal Immigration

The act of living in a country without the government's permission, violating its immigration laws.

Social Support Infrastructure

Systems and services provided by communities or organizations to support the well-being and social needs of individuals or groups.

International Business

Commercial transactions that occur across country borders, including trade, investment, and operational activities.

Import/Export

The business of importing goods from foreign countries and exporting domestic goods to foreign countries.