Hardy Company Has Current Assets of $90,000, Current Liabilities of $100,000

question 90

Multiple Choice

Hardy Company has current assets of $90,000, current liabilities of $100,000, long-term, assets of $180,000 and long-term liabilities of $80,000. Hardy Company's working capital and its current ratio are:

• A) $90,000 and .90:1.
• B) -$10,000 and 1.50:1.
• C) $10,000 and .90:1.
• D) -10,000 and .90:1.

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Definitions:

Vulnerable

describes a state of being open to harm, attack, or criticism, often due to a lack of protection or strength.

Active Verbal

The use of words and vocal sounds to engage actively and constructively in communication.

Justification

The process of providing reasons or arguments to support or defend a particular action, decision, or belief.

Excuse

is a justification provided to mitigate responsibility or blame for a perceived wrongdoing or failure, aiming to maintain one's social image or alleviate guilt.