The Pioneer Company Has Provided the Following Account Balances

question 77

Multiple Choice

The Pioneer Company has provided the following account balances:
Cash $38,000;
Short-term investments $4,000;
Accounts receivable $6,000;
Inventory $48,000;
Long-term notes receivable $2,000;
Equipment $96,000;
Factory Building $180,000;
Intangible assets $6,000;
Accounts payable $30,000;
Accrued liabilities payable $4,000;
Short-term notes payable $14,000;
Long-term notes payable $92,000;
Contributed capital $180,000;
Retained earnings $60,000.
What is Pioneer's current ratio?

• A)2.00
• B)2.17
• C)2.71
• D)1.00

---

Definitions:

Wage Gap

Refers to the difference in earnings between different groups of workers, often highlighted between genders or races.

High-Skill

Referring to jobs or positions that require advanced training, education, knowledge, or proficiency.

Low-Skill

Describes jobs or workers that require minimal specialized training or education.

Compensating Differential

A difference in wages that arises to offset the nonmonetary characteristics of different jobs.