A Company Has Total Assets of $345,000; Total Liabilities of $278,000;

question 123

Short Answer

A company has total assets of $345,000; total liabilities of $278,000; current assets of $212,000; and current liabilities of $175,000. What is the company's current ratio?

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Definitions:

Bonuses

Additional financial compensation awarded to employees as a reward for meeting certain performance criteria or milestones.

Flexible Benefit Packages

Employment benefit plans allowing employees to choose from a range of benefit options, tailoring their compensation package to their personal needs.

Taxable Income

The amount of an individual's or business's income used to determine how much tax they owe to the government, after deductions and exemptions.

Peter Drucker

A renowned management consultant, educator, and author, considered one of the founding figures of modern business management.