Calculate the Current Ratio from the Following Information: Sales =

question 83

Multiple Choice

Calculate the current ratio from the following information: Sales = $14,000
Bills receivable = $100,000
Cash in hand = $40,000
Current liabilities = $50,000
Inventories = $40,000
Net Income = $5,600

• A) 8:5
• B) 3.6:1
• C) 0.4:1
• D) 3:5
• E) 2:3

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Definitions:

Voice

The constructive expression of disagreement or concern about work unit or organizational practices.

Silence

The absence of sound or the condition of being quiet, often used metaphorically to describe non-communication or the withholding of voice.

Silence

The absence of sound or the act of refraining from speaking in a particular situation.

Chemicals

Chemicals are substances composed of matter, either compounds or elements, that have constant chemical composition and characteristic properties.