Orantes Company's Current Ratio at the End of 20 ×

question 75

Multiple Choice

Orantes Company's current ratio at the end of 20 × 6 was closest to:

• A) 0.35 to 1.
• B) 0.54 to 1.
• C) 1.19 to 1.
• D) 1.50 to 1.

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Definitions:

Financial Institution

An organization that provides financial services such as banking, investments, insurance, and loans to businesses and consumers.

Bills Of Exchange

Written orders for the payment of a specified sum of money to a designated person, either on demand or at a set time.

Legislation

Laws that have been enacted by a legislature or other governing body.

Jurisdiction

The official power or authority of a legal body to make decisions and judgments in a specific geographic area or over certain types of legal cases.