Use the Following Data to Calculate the Current Ratio

question 146

Multiple Choice

Use the following data to calculate the current ratio.

• A) 2.07 : 1
• B) 1.67 : 1
• C) 3.00 : 1
• D) 2.60 : 1

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Definitions:

Prosecuted

In legal context, it refers to the process of bringing charges against an individual or entity in a court of law.

Sufficient Funds

Having enough money available in an account to cover checks or withdrawals.

Forgery

The act of falsely making or altering a document with the intent to defraud.

Fraud

Intentional misleading to achieve unjust advantages or to strip someone of their rightful entitlement.