Complete the Current Ratio for the Following: Total Current Assets

question 97

Multiple Choice

Complete the current ratio for the following: Total current assets = $12,000; current liabilities = $10,000

• A)1.5
• B)1.7
• C)0.7
• D)1.2
• E)None of these

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Definitions:

Market Demand Curve

A graphical representation showing the relationship between the quantity of a good consumers are willing and able to purchase and the price of the good.

Profit-maximizing Output

The level of production at which a business achieves the highest possible profit.

Cournot Model

An economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide upon independently of each other and at the same time.

Prevail

To be widespread or dominant, or to win against opposing forces.