The Finance Managers Collected the Following Information for Their Firm

question 41

Multiple Choice

The finance managers collected the following information for their firm: Total Assets = $60 000; Current Assets = $10 000; Long-term Liabilities = $100 000; Current Liabilities = $8000.What is the current ratio?

• A)2.00
• B)1.25
• C)1.00
• D)2.50

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Definitions:

Age-related Events

These are significant life events that typically occur or are expected to happen at certain ages, such as starting school, retirement, etc.

Self-esteem

The subjective evaluation or perception of one's own worth or abilities, influencing mental health and behavior.

Opposites

Pairs of concepts or entities that are diametrically different or contrary to each other in characteristics.

Satisfying Relationships

Interpersonal connections that fulfill emotional, physical, and social needs, leading to contentment and happiness.