Transic Corporation Has the Following Financial Data for 2016 and 2017

question 79

Multiple Choice

Transic Corporation has the following financial data for 2016 and 2017. ? $\begin{array}{lrr}&2017&2016\\\text { ASSETS }\\\text { Current Assets: }\\\text { Cash } & \$ 48,000 & \$ 14,000 \\\text { Marketable Securities } & 9,000 & 13,000 \\\text { Accounts Receivable } & 35,000 & 24,000 \\\text { Other Current Assets } & 15,000 & 18,000 \\\text { Total Current Assets } & 107,000 & 69,000\\\text { Fixed Assets (net) } & 140,000 & 130,000 \\\text { Total Assets } & \$ 247,000 & \$ 199,000\\\\\text { LIABILITIES }\\\text { Current Liabilities } & \$ 72,000 & \$ 52,000 \\\text { Long-term Liabilities } & 50,000 & 37,000 \\\text { Total Liabilities } & \$ 122,000 & \$ 89,000\\\text { Total Stockholders' Equity } & \$ 125,000 & \$ 110,000 \\\text { Total Liabilities And Stockholders' Equity }& \$ 247,000 & \$ 199,000\end{array}$ ?
What is Transic's current ratio for 2017?

• A) 1.49
• B) 2.14
• C) 0.21
• D) 0.88

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Definitions:

Organizational Behavior Modification

A method of applying principles of behavioral psychology to change individual or group behaviors within an organization.

Financial Reinforcement

Using monetary rewards or penalties to influence behavior in an organization or system.

Nonfinancial Reinforcement

Motivational strategies that do not involve monetary rewards but rather recognition, feedback, and opportunities for growth.

Social Reinforcement

Using positive or negative social cues, like approval or disapproval, to influence and modify behavior.