Use the Following to Answer Questions
Pioneer Industries Gathered

question 75

Multiple Choice

Use the following to answer questions
Pioneer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l r r } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2345 } { \$ 365 } \\\text { Long-Tenn Arsets } & 790 & 720 \\\text { Curtert Liabilities } & 280 & 310 \\\text { Long-Term Liabilities } & 410 & 440 \\\text { Owners' Equity } & 445 & 335 \\\text { Net Sales } & 830 & 790 \\\text { Gross Margir } & 375 & 355 \\\text { Net Income } & 120 & 105\end{array}$$
-The current ratio at the end of 2010 was:

• A)1.23
• B)1.18
• C)0.97
• D)0.81

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Definitions:

Result

The outcome or consequence of an action, experiment, or process.

Statistically Significant

A term indicating that the results of a study are unlikely to have occurred by chance alone, according to predefined criteria.

Experimental Group

The group in a scientific study that receives the treatment or intervention being tested, in contrast to the control group.

Control Group

in experiments, a group of subjects that does not receive the experimental treatment and is used as a baseline to compare the effects of that treatment.