Which of the Following Statements Is Not Correct

question 31

Multiple Choice

Which of the following statements is not correct?

• A)A current ratio of 3.5 to 1 means that a firm has $3.50 in current liabilities for every $1 of current assets.
• B)The gross profit percentage is calculated by dividing the gross profit for the year by the net sales for the year.
• C)Working capital is the difference between total current assets and total current liabilities.
• D)The average inventory is calculated by adding the beginning inventory to the ending inventory and dividing the sum by 2.

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Definitions:

Face-to-Face Interaction

Direct communication between individuals physically present in the same location, allowing for immediate feedback and nonverbal cues.

Tidwell And Walther

Scholars known for their contributions to the field of computer-mediated communication, emphasizing the dynamics of online interactions.

Cues-Filtered-Out

A theory suggesting that nonverbal cues are minimized or absent in mediated communication, affecting interpersonal interaction.

Media Richness

The ability of a communication medium to effectively convey information and cues that support the transmission of complex messages in a timely manner.