The Finance Managers Collected the Following Information for Their Firm

question 34

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) 2.50
• B) 2.00
• C) 1.25
• D) 1.00

---

Definitions:

Nonprogrammed Decisions

Choices enacted in reaction to scenarios that are distinct, ill-defined, highly unstructured, and carry significant implications for the organization.

Creative Problem Solving

An approach to problem-solving that involves out-of-the-box thinking and the generation of innovative solutions.

Ethical Problem

A situation that poses a moral dilemma, requiring an individual to choose between actions that are evaluated as right or wrong based on ethical principles.

Decision Rule

A decision rule is a guideline or criterion that guides choices or judgments in decision-making processes.