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:

Gender Roles

Gender roles are the societal norms dictating the behaviors that are considered appropriate for individuals based on their perceived sex.

Decision-Making Responsibility

The obligation or duty to make choices that will influence outcomes, often involving the allocation of resources or direction of efforts.

Household Chores

Routine tasks and maintenance work carried out in the maintenance and operation of a household, such as cleaning, cooking, and gardening.

Workload

The amount of work assigned to or expected from a person within a specific time frame.