Based on the Following Information from Schrute Company's Balance Sheet

question 124

Multiple Choice

Based on the following information from Schrute Company's balance sheet, calculate the current ratio. $$\begin{array} { | l | r | } \hline \text { Current assets } & \$ 87,000 \\\hline \text { Investments } & 50,000 \\\hline \text { Plant assets } & 220,000 \\\hline \text { Current liabilities } & 39,000 \\\hline \text { Long-term liabilities } & 90,000 \\\hline \text { A. Schrute, Capital } & 228,000 \\\hline\end{array}$$

• A).44.
• B)2.23.
• C)1.06.
• D)3.51.
• E)3.33.

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Definitions:

Behavioral Economist

An economist who studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.

Individual Decision Making

The process by which an individual selects among alternative choices based on preferences, resources, and information.

Costly Temptations

Expenses incurred from yielding to desires that can lead to negative financial consequences.

Repeated Mistakes

The act of making the same errors multiple times, often hindering progress or learning in any context.