The Current Ratio Is Expressed as

question 51

Multiple Choice

The current ratio is expressed as

• A) current assets divided by current liabilities.
• B) current assets minus current liabilities.
• C) current liabilities divided by non-current liabilities.
• D) current assets minus owner's equity.

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Definitions:

Mortgage Loan

A loan secured by the collateral of specified real estate property that the borrower is obliged to pay back with a predetermined set of payments.

Property

Legal rights over resources such as land, objects, intellectual creations, and more, recognized by law.

Personal Property

Assets or belongings that are movable and not attached to or associated with the land, as opposed to real property like land or buildings.

Judgment Debts

Money that a court has ordered one party to pay another party.