The Current Assets of KLM Inc

question 13

Multiple Choice

The current assets of KLM Inc. totalled $145,000 while its current liabilities were $200,000. Which of the following best describes KLM's situation?

• A) KLM's cash sales were too low during the current year.
• B) KLM's spending was too high during the current period.
• C) KLM's financial viability is at risk for the current period.
• D) KLM's inventory was too high during the current period.
• E) KLM's accrued wages were too high during the current period.

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