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:

Leader-Member Exchange Theory

A theory in leadership research that focuses on the two-way (dyadic) relationship between leaders and followers, emphasizing the importance of that interaction for leadership effectiveness and outcomes.

Special Relationships

Connections or interactions between individuals or entities that are characterized by unique, privileged, or otherwise distinct from regular relations.

Team Members

Individuals who are part of a group working together towards a common purpose or project.

In-Group

A social group to which a person psychologically identifies as being a member, often in contrast to the "out-group."