The MediaX Company Has Current Assets of $565,000 and Current

question 158

Multiple Choice

The MediaX company has current assets of $565,000 and current liabilities of $342,000 (565,000/343,000 = 1.65) . What does this current ratio mean?

• A) MediaX has 65 percent more current liabilities than current assets.
• B) MediaX has 165 percent more current liabilities than current assets.
• C) MediaX has 65 percent more current assets than current liabilities.
• D) MediaX has 165 percent more current assets than current liabilities.

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