If a Business Has Current Assets of $62,000, Total Assets

question 2

Multiple Choice

If a business has current assets of $62,000, total assets of $350,000, current liabilities of $31,000, and total liabilities of $125,000, then its current ratio will be

• A)0.5.
• B)2.0.
• C)2.8.
• D)3.0.

Recognize the impact of societal views on the health and treatment of various racial groups.

Identify the characteristics of a pluralistic society and the value of diversity.

Grasp the evolving nature of equality as reflected in historical and contemporary discourse.

Understand the consequences of androcentrism and its critique.

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Definitions:

Reporting Period

The span of time covered by the financial statements of a business.

General Journal

A primary accounting record used to document all business transactions in chronological order.

Indirect Materials

Components used in the manufacturing process that are not directly traceable to a specific product, like lubricants for machines.

Molding Department

A specific division within a manufacturing facility where molding processes—shaping materials into products—are carried out.