Kareem Has $6,000 in Monetary Assets and $2,000 in Current

question 70

Multiple Choice

Kareem has $6,000 in monetary assets and $2,000 in current liabilities.What is his current ratio?

• A)2,000/6,000
• B)0.334 times
• C)6,000/2,000
• D)3 times
• E)Both C and D are correct.

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Definitions:

Due Process

A legal principle ensuring fair treatment through the normal judicial system, especially as a citizen's entitlement.

Downsizing

The reduction of a company’s workforce to improve efficiency, cut costs, or align with organizational restructuring.

Layoffs

The act of temporarily or permanently removing employees from their positions, often due to economic downturns, restructuring, or other financial pressures on an organization.

Consequential Ethics

An ethical theory that evaluates the morality of actions based on their outcomes or consequences.