Using the Following Balance Sheet and Income Statement Data What

question 62

Multiple Choice

Using the following balance sheet and income statement data what is the current ratio? $$\begin{array}{l}\begin{array} { l r l c } \text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \\\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \\\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000\end{array}\\\text { Total assets } \quad 90,000\end{array}$$

• A)0.78 : 1
• B)3.33 : 1
• C)0.57 : 1
• D)1.75: 1

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Definitions:

Distribution Shape

The form or appearance of the graphical representation of a dataset, indicating how data is dispersed or spread.

Standard Deviation

A statistic that quantifies the dispersion or spread of a set of numerical data from its mean.

Symmetric

Characterized by or exhibiting symmetry; having identical shape, size, and position on both sides of a dividing line.

Unimodal

Describing a distribution with a single peak or mode.