Examlex
You have a sealed hydraulic system with two cylinders connected to each other by a tube filled with hydraulic fluid. Piston #1 has an area of 1 sq. in. Piston #2 has an area of 4 sq. in. How much force is developed on piston #2 if 50 lbs. of force is applied to piston #1?
Net Income
The final earnings of a company after total revenue has had all taxes and expenses removed.
Current Assets
Assets that a company expects to convert into cash, sell, or consume within one year or its operating cycle, whichever is longer.
Current Liabilities
Short-term financial obligations that are due within one year or within the entity's operating cycle.
Current Ratio
A liquidity ratio that measures a company’s ability to pay short-term obligations with its current assets.
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