As a Bank Loan Officer, You Are Considering a Loan

question 323

Multiple Choice

As a bank loan officer, you are considering a loan application by Peak Performance Sporting Goods. The company has provided you with the following information from its balance sheet Peak Performance's current ratio is:

• A) 1.0.
• B) 1.5.
• C) 2.5.
• D) 3.0.

---

Definitions:

Statistics Canada

The national statistical office of Canada, responsible for producing statistics to help better understand Canada, its population, resources, economy, society, and culture.

Established Authority

Refers to the recognized and accepted use of power by institutions or individuals in a society, often derived from legal, traditional, or organizational sources.

Probability Sample

A sample in which each member of the population has a known, non-zero chance of being selected.

Gatekeeper

is an individual or group that controls access to something, such as information or resources, often acting as a filter or decision-maker.