Using the Following Balance Sheet and Income Statement Data What

question 92

Multiple Choice

Using the following balance sheet and income statement data what is the current ratio? $$\begin{array}{l}\begin{array} { l r l r } \text { Current assets } & \$ 32,000 & \text { Net income } & \$ 42,000 \\\text { Current liabilities } & 16,000 & \text { Stockholders' equity } & 78,000 \\\text { Average assets } & 160,000 & \text { Total liabilities } & 42,000\end{array}\\\text { Total assets } \quad 120,000\end{array}$$

• A)2.0 : 1
• B)2.6 : 1
• C)0.5 : 1
• D)2.9 : 1

---

Definitions:

Eyes Closed

Refers to the state of having the eyelids shut, which can be voluntary or involuntary, affecting visual input and other sensory processing.

Beta Waves

A pattern of brain waves with a frequency of 13 to 30 Hz that are associated with active, alert, and focused states of consciousness.

Gamma Waves

A type of brain wave pattern, associated with perception, problem-solving, and consciousness, typically with a frequency between 25 to 100 Hz.

Highest Frequency

The maximum rate at which a wave varies, often associated with the concept of the highest pitch in sound or the highest rate of photon vibration in light.