Milton Company Has Total Current Assets of $63,000, Including Inventory

question 108

Multiple Choice

Milton Company has total current assets of $63,000, including inventory of $19,000, and current liabilities of $39,000. The company's current ratio is:

• A) 0.62.
• B) 1.62.
• C) 2.10.
• D) 1.13.

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Definitions:

Epoetin Alfa

A synthetic form of erythropoietin used to stimulate the production of red blood cells, often used in treating anemia, especially in patients with chronic kidney failure.

Irons

Metallic elements (Fe) used in a wide variety of industrial, nutritional, and biological contexts, or referring to appliances used for pressing clothes to remove wrinkles.

Vitamin K

A fat-soluble vitamin essential for the synthesis of proteins required for blood coagulation and bone metabolism.

Abdomen

The part of the body that contains the digestive organs, bounded by the diaphragm above and the pelvis below.