Table 4-6
Selected Accounting Data as at December 31, 2019

question 119

Multiple Choice

Table 4-6
Selected accounting data as at December 31, 2019 for Martineau Delivery follows: $$\begin{array} { | l | r | } \hline \text { Cash } & \$ 25,000 \\\hline \text { Accounts payable } & 33,000 \\\hline \text { Accounts receivable } & 34,000 \\\hline \text { Salary payable } & 7,500 \\\hline \text { Supplies } & 6,600 \\\hline \text { Unearned revenue } & 16,500 \\\hline \text { Prepaid rent } & 4,000 \\\hline \text { Mortgage payable (due 2023) } & 48,000 \\\hline \text { Equipment } & 52,000 \\\hline \text { C. Lexus, Capital } & 10,000 \\\hline \text { Accum. amort. -equipment } & 12,000 \\\hline \text { Service revenue } & 69,000 \\\hline \text { Salary expense } & 31,000 \\\hline \text { Accum. amort. -furniture } & 6,000 \\\hline \text { Furniture } & 49,400 \\\hline\end{array}$$
-Referring to Table 4-6, the current ratio is:

• A)0.82.
• B)1.22.
• C)1.46.
• D)0.69.

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Definitions:

Concern For People

The consideration and care shown towards individuals' welfare and well-being by organizations or other individuals.

Task Responsibilities

The duties and obligations associated with a specific job or role.

Work Standards

The established criteria or benchmarks that define the expected quality and quantity of work to be performed.

Performance Monitoring

The process of continuously observing and evaluating the performance of individuals or systems to ensure objectives are being met.