If Current Assets Amount to $62,000, Total Assets $350,000, Current

question 153

Multiple Choice

If current assets amount to $62,000, total assets $350,000, current liabilities $31,000, and total liabilities $125,000, then the current ratio is

• A) 3.0 to 1
• B) 0.5 to 1
• C) 2.0 to 1
• D) 2.8 to 1

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Definitions:

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Physical Handicaps

Impairments that limit a person's physical capability or mobility, potentially affecting their ability to perform certain tasks or engage in everyday activities.

Mental Handicaps

An outdated term often referred to intellectual disability, which affects a person's ability to learn at an average level.

Social Security Number

A unique nine-digit number issued to U.S. citizens, permanent residents, and temporary (working) residents under section 205(c)(2) of the Social Security Act, used for tracking individuals for Social Security and other purposes.