The Following Contains Information from the Records of the Balfor

question 5

Multiple Choice

The following contains information from the records of the Balfor Architecture Firm. Balfor Architecture Firm
Selected Financial Information
December 31, 2017 Which of the following statements is an accurate interpretation of the current ratio of Balfor Architecture Firm? (Round your answer to two decimals.)

• A) The company has $2.19 of current assets for every $1.00 of liabilities.
• B) The company has $1.90 of current assets for every $1.00 of current liabilities.
• C) The company has $1.51 of current assets for every $1.00 of liabilities.
• D) The company has $0.61 of current assets for every $1.00 of current liabilities.

---

Definitions:

Silver Contract

A legally binding agreement for the purchase or sale of silver in the future at an agreed-upon price.

Futures Contracts

A standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, often used for hedging or speculation on financial markets.

Profit or Loss

A financial statement that provides a summary of a company's revenues, costs, and expenses over a specific period, showing the net amount earned or lost.