The Current Ratio for a Company with Current Assets of $73,000

question 122

Multiple Choice

The current ratio for a company with current assets of $73,000, quick assets of $31,000, total assets of $160,000, current liabilities of $46,000, and net sales of $77,000 would be: (Round your final answer to two decimal places.)

• A)0.19.
• B)1.59.
• C)3.48.
• D)0.94.

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Definitions:

Heterogeneous

Consisting of elements that are diverse in nature or composition, often referring to mixtures or groups with dissimilar characteristics.

Adaptive Behavior

The ability of an individual to adjust effectively to new or changing environments.

Formal Authority

Power or right to make decisions, issue commands, and enforce obedience, based on a recognized or official position.

Profiling Characteristic

A distinctive trait or feature used to categorize individuals or entities into specific groups for analysis or identification.