From the Information Given Below, Calculate the Organization's Current Ratio

question 64

Multiple Choice

From the information given below, calculate the organization's current ratio. Total Liabilities = $750,000; Current Liabilities = $220,000; Total Assets = $700,000; Current Assets = $176,000

• A) 0.25
• B) 0.93
• C) 0.29
• D) 0.80

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Definitions:

Ethyl Cyclohexyl Ketone

An organic compound featuring a ketone group (C=O) bonded to an ethyl group and a cyclohexyl group.

Cyclohexanecarboxylic Acid

A carboxylic acid that features a cyclohexane ring attached to a carboxyl (-COOH) group.

Organic Product

A naturally occurring material or product derived from living organisms, often referring to compounds containing carbon.

Major Organic

Referring to the primary organic compound formed in the largest quantity in an organic reaction.