The Current Ratio for a Company with Current Assets of $129,000

question 60

Multiple Choice

The current ratio for a company with current assets of $129,000, current liabilities of $51,000, total assets of $152,000, and net sales of $84,000, would be: (Round your answers two decimal places, X.XX%.)

• A) 2.98.
• B) 0.40.
• C) 2.53.
• D) 0.34.

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Definitions:

Correlation Coefficient

A quantifiable metric demonstrating the degree to which several variables co-vary.

Important Factors

Elements or conditions that are significant or crucial in achieving an outcome or understanding a situation.

Direction of the Relationship

Refers to the way two variables relate to each other in a study, indicating whether an increase or decrease in one variable results in an increase or decrease in the other.

Correlation Coefficient

A numerical indicator that shows how much two or more variables move in unison.