A Current Ratio of 1

question 224

True/False

A current ratio of 1.2 to 1 indicates that a company's current assets exceed its current liabilities.

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Definitions:

Intellectual Elite

A segment of society composed of individuals with high intellectual achievements and capacities, often involved in complex decision-making or high-level reasoning tasks.

Manual Workers

Laborers who perform physical work with their hands, often in construction, manufacturing, or agriculture.

Petty Bourgeoisie

In Marx’s usage, is the class of small-scale capitalists who own means of production but employ only a few workers or none at all, forcing them to do physical work themselves.

Small-Scale Capitalists

Individuals or businesses that operate on a limited scale in terms of resources, investment, and production, often emphasizing personal rather than corporate gain.