Using the Following Balance Sheet and Income Statement Data, What

question 144

Multiple Choice

Using the following balance sheet and income statement data, what is the current ratio? $\begin{array}{lrlr}\text { Current assets } & \$ 16,000 & \text { Net income } & \$ 21,000 \\\text { Current liabilities } & 8,000 & \text { Stockholders' equity } & 39,000 \\\text { Average assets } & 80,000 & \text { Total liabilities } & 21,000\\\text { Total assets } 60,000\end{array}$ Average common shares outstanding was 10,000.

• A) 2.0 : 1
• B) 2.6 : 1
• C) 0.5 : 1
• D) 2.9 : 1

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Definitions:

Heterosexual

A romantic or sexual preference for people of the opposite gender.

Homosexual

Homosexual refers to being sexually attracted to members of the same sex.

Bisexual

Pertains to an individual who is attracted to both men and women.

Monogamous

Referring to a relationship or mating system where an individual has one partner during their lifetime or at any one time.