A Company Has Total Assets of $158,000, Current Assets of $92,000

question 94

Multiple Choice

A company has total assets of $158,000, current assets of $92,000, total liabilities of $68,000, and current liabilities of $36,000. What is the current ratio?

• A)1.4 to 1
• B)2.3 to 1
• C)2.6 to 1
• D)2.1 to 1

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Definitions:

Douglas Conant

An American business executive known for his leadership roles at various companies, including as CEO of Campbell Soup Company.

10-Year Plan

A strategic framework set for a decade, outlining long-term goals, strategies, and milestones for future operations.

Campbell Soup Co.

An American processed food and snack company known for its iconic canned soups and related products.

Zone of Indifference

A concept in organizational behavior referring to the range of authoritative requests that an employee is willing to accept without critical assessment.