GTO Division Has $14,000 in Current Assets, $2,000 in Accounts

question 37

Multiple Choice

GTO Division has $14,000 in current assets, $2,000 in accounts payable, and $2,000 in unearned sales revenue. What is the division's current ratio?

• A)1.75
• B)2.25
• C)3.00
• D)3.50

---

Definitions:

Competition Exists

A state where multiple entities offer similar goods or services in the marketplace, striving to achieve greater customer satisfaction and market share.

Unequal Bargaining Power

A scenario in negotiations where one party has significantly more influence or resources than the other, leading to potentially unfair outcomes.

Human Resources School

An approach or perspective in organizational management focusing on employee welfare, motivation, and efficiency as key factors in achieving organizational success.

Labor Problem

Issues and disputes arising in the workplace, including matters of pay, working hours, conditions, safety, and disputes between employees and employers.