Calculate the Current Ratio of the Organization from the Information

question 91

Multiple Choice

Calculate the current ratio of the organization from the information given below. Sales = $200,000; Gross Profit = $40,000; Total Assets = $450,000; Current Assets = $250,000; Current Liabilities = $300,000

• A)0.44
• B)0.56
• C)0.67
• D)0.83

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Definitions:

Individualistic Culture

A culture characterized by a preference for independence, personal achievements, and a belief in individual rights above those of the group.

China

A country in East Asia, known for its rich history, cultural heritage, and as being the most populous nation in the world.

United States

A country located in North America consisting of 50 states and a federal district, known for its large size, diverse population, and leading role in world affairs.

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A psychological theory proposing that emotions and physical reactions, such as heart rate and sweating, occur simultaneously and independently in response to a stimulus.