Use the Following to Answer Questions
Little Deer Industries

question 69

Multiple Choice

Use the following to answer questions
Little Deer Industries gathered the following year-end data (in thousands) for 2010 and 2009:
$$\begin{array} { l l l } \text { Curent Assets } & \frac { 2010 } { 2009 } & \frac { 2025 } { \$ 465 } \\\text { Long-Tenn Arsets } & 885 & 585 \\\text { Curtert Liabilities } & 385 & 385 \\\text { Long-Term Liabilities } & 575 & 575 \\\text { Owners' Equity } & 575 & 265 \\\text { Net Sales } & 975 & 775 \\\text { Gross Margir } & 485 & 365 \\\text { Net Income } & 255 & 100\end{array}$$
-The current ratio at the end of 2010 was:

• A)1.76
• B)1.56
• C)1.45
• D)1.36

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Definitions:

Striation

A series of ridges, furrows or linear marks, often found in muscle tissues or rocks.

Ligamentum Arteriosum

A small ligament that is a remnant of the ductus arteriosus, connecting the pulmonary artery to the descending aorta in the fetal circulation system.

Fossa Ovalis

The fossa ovalis is an anatomical feature of the heart, a depression in the right atrium wall, marking the spot where an opening, the foramen ovale, existed in the fetal heart.

Papillary Muscle

Muscles located in the ventricles of the heart, attaching to the cusps of the atrioventricular valves via chordae tendineae and preventing valve inversion.