Based on the Figures Below, What Is the Current Ratio

question 3

Multiple Choice

Based on the figures below, what is the current ratio?
$\begin{array}{lc} & £ \\\text { Inventory } & 6,000 \\\text { Payables } & 12,000 \\\text { Receivables } & 11,000 \\\text { Non-current liabilities } & 16,000 \\\text { Current portion of long-term borrowings } & 3,000 \\\text { Cash } & 1,000 \\\text { Taxation payable } & 5,000\end{array}$

• A) 0.50:1
• B) 0.60:1
• C) 0.75:1
• D) 0.90:1

Acknowledge the impact of patronage on the arts during the Renaissance and Baroque periods.

Comprehend the evolution of art techniques and materials during the Renaissance and Baroque periods.

Understand the role of art in reflecting and influencing societal values and historical events.

Understand the concept of opportunity cost and how it influences individual decisions.

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Definitions:

Treasury Stock

Refers to shares that were once part of the outstanding shares and have been bought back by the company.

Cash Dividend

Cash payments issued to a certain category of stockholders out of a firm's profits, as resolved by the board of directors.

Shares Issued

The total number of shares that have been allocated and distributed to shareholders by a company, representing ownership in the company.

Stock Split

A corporate action that increases the number of shares in a company by dividing each share, which in turn reduces its price, making the stock more accessible to investors.