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:

Sub-Saharan Africa

The area of the African continent located south of the Sahara Desert, noted for its diverse cultures, languages, and ecosystems.

Malaysia

A country located in Southeast Asia that comprises peninsular Malaysia and parts of the island of Borneo, known for its beaches, rainforests, and a mix of Malay, Chinese, Indian, and European cultural influences.

Prosimians

The suborder of primates that includes lemurs, lorises, and tarsiers.

Loris

A small, tree-dwelling primate with large eyes and a nocturnal lifestyle, found in Southeast Asia and parts of Africa.