The Current Assets of Orangette Company Are $227,500

question 166

Multiple Choice

The current assets of Orangette Company are $227,500. The current liabilities are $130,000. The current ratio expressed as a proportion is

• A) 175%.
• B) 1.75:1.
• C) .57:1.
• D) $210,000 ÷ $120,000.

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Definitions:

Conditional Probability

The likelihood of one event happening after another event has already taken place.

Independent Events

Events whose occurrence or outcome is not influenced by one another; the outcome of one event does not affect the outcome of another.

Mutually Exclusive Events

Two or more events that cannot occur at the same time within a given experimental setup.

Mutually Exclusive Events

Two events that cannot occur at the same time.