The Following Contains Information from the Records of the Wellborn $\quad$

question 44

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects.
$\quad$$\quad$$\quad$$\quad$ Wellborn Engineers and Architects
$\quad$$\quad$$\quad$$\quad$ Selected financial information
$\quad$$\quad$$\quad$$\quad$ 31 December,2016
$$\begin{array} { | l | l | } \hline \text { Current assets } & \$ 70,000 \\\hline \text { Current liabilities } & 35,000 \\\hline \text { Non-current assets } & 99,000 \\\hline \text { Non-current liabilities } & 62,000 \\\hline \text { Total revenues } & 53,000 \\\hline \text { Total expenses } & 37,000 \\\hline\end{array}$$ Which of the following statements is an accurate interpretation of the current ratio of Wellborn Engineers and Architects?

• A)The company has $2.00 of current assets for every $1.00 of current liabilities.
• B)The company has $0.57 of current assets for every $1.00 of current liabilities.
• C)The company has $2.13 of current assets for every $1.00 of liabilities.
• D)The company has $1.60 of current assets for every $1.00 of liabilities.

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Definitions:

Match Your Approach

The strategy of aligning your communication or action methods with the situation, audience, or expected outcomes for better effectiveness.

Negative Organizational News

Refers to unfavorable information about a company or institution that may impact its reputation or operations.

Element of Surprise

A sudden, unexpected aspect in a situation or narrative that can evoke a strong reaction or response.

Direct Approach

A straightforward and unambiguous way of presenting information or addressing issues.