Motor Works Has Total Assets of $919,200,long-Term Debt of $264,500,total

question 113

Multiple Choice

Motor Works has total assets of $919,200,long-term debt of $264,500,total equity of $466,900,net fixed assets of $682,800,and sales of $1,021,500.The profit margin is 6.2 percent.What is the current ratio?

• A).79
• B).84
• C)1.01
• D)1.26
• E)1.19

Relate the historical and philosophical roots of psychology to contemporary psychology.

Apply psychological concepts to real-world situations and personal experiences.

Learn effective time management strategies.

Understand the concept of product reliability and its determinants.

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Definitions:

United States Treasury Securities

Debt securities issued by the U.S. government to fund its budget deficits and manage the national debt.

Open Market

A venue where buyers and sellers engage in the trade of commodities, securities, and other financial instruments under defined regulations.

Reserve Ratio

The fraction of deposits that banks are required to keep on hand as reserves, determined by central banking authorities.

Deposit Expansion Multiplier

The ratio that describes the potential increase in money supply through the banking system via fractional reserve banking.