What Is the Current Ratio If the Short-Term Asset Balance

question 58

Multiple Choice

What is the current ratio if the short-term asset balance is $5,000,000 and the short-term liabilities balance is $500,000?

• A).01
• B)10
• C)1
• D)100

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Definitions:

TPS Employee

An employee working within the Toyota Production System, focusing on lean manufacturing and continuous improvement.

Job Classifications

A system that categorizes jobs based on criteria such as responsibilities, skills required, and the complexity of tasks, often used for hierarchical organization and payroll.

JIT

Just-In-Time manufacturing is a management strategy that aligns raw-material orders from suppliers directly with production schedules to improve efficiency and reduce inventory costs.

Competitive Advantage

The conditions that allow a company or country to produce goods or services more effectively than competitors, leading to greater profits and market share.