You Own a Business That Has Assets of $139,300 and Liabilities

question 88

Multiple Choice

You own a business that has assets of $139,300 and liabilities of $74,800. What is your current ratio? (Round to the nearest hundredth)

• A) 1.46:1
• B) 1.52:1
• C) 1.86:1
• D) 2.89:1

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Definitions:

Cessation

The action of bringing or coming to an end; a halt.

Teen Birthrate

Teen birthrate refers to the number of live births per 1,000 females within the age group of 15-19 years in a given population.

Ethnic Group

A community or population made up of people who share a common cultural background, ancestry, history, language, or social experiences.

U.S. Population

The total number of people living in the United States, encompassing various ethnicities, cultures, and socio-economic groups.