The Current Assets of Myers Company Are $250000

question 60

Multiple Choice

The current assets of Myers Company are $250000. The current liabilities are $100000. The current ratio expressed as a proportion is

• A) 250%.
• B) 2.5 : 1
• C) .25 : 1
• D) $250000 ÷ $100000.

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Definitions:

Buyer

An individual or organization that purchases goods or services for personal use or for further processing or for resale.

Services

Intangible offerings provided by businesses or individuals that involve a performance or action to satisfy the needs of a customer or client.

Consumer Behavior

The study of how individuals select, purchase, use, and dispose of goods and services, influenced by various personal and environmental factors.

Purchasing

The act of buying goods or services, often for a business or organization, including negotiation with suppliers, price evaluation, and contract agreements.