The Current Ratio for a Company with Current Assets of $79,000

question 11

Multiple Choice

The current ratio for a company with current assets of $79,000, quick assets of $43,000, total assets of $197,000 current liabilities of $64,000 and net sales of $95,000 would be: (Round your final answer to two decimal places.)

• A)0.67.
• B)3.08.
• C)1.23.
• D)0.59.

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Definitions:

Bundle

A collection of items or services offered together as a single package.

Satisfaction

The fulfillment or gratification of a desire, need, or appetite; a measure of utilities or happiness obtained from consuming goods or services.

Marginal Rate

The rate at which something changes as the amount of that something increases or decreases, often used in the context of tax, referring to the rate applied to the last dollar earned.

Indifference Curve

A graph showing combinations of goods between which a consumer is indifferent, reflecting their preferences and trade-offs.