Refer to the Following Selected Financial Information from Frankle Corp

question 4

Multiple Choice

Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. $\begin{array}{|l|r|}\hline\\\hline \text { Current Assets } & 306,450 \\\hline \text { Plant assets } & 388,000 \\\hline \text { Current Liabilities } & 107,800 \\\hline \text { Net sales } & 676,000 \\\hline \text { Net Income } & 75,000\\\hline\end{array}$

• A)1.44.
• B)3.60.
• C)6.27.
• D)6.44.
• E)2.84.

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Definitions:

Magnetic Field

A region around a magnetic material or a moving electric charge within which the force of magnetism acts.

Conductor

Wires, terminals, and connectors that carry electricity in circuits.

Electrons

Subatomic particles with a negative charge, fundamental to electricity and forming the outer structures of atoms.

Outer Rings

Components in a bearing that form the external boundary and work in conjunction with the inner rings to facilitate smooth motion of rotating parts.