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:

Marginal Rate

The rate at which something changes as an immediate result of a one-unit increase, often used in economics to describe tax rates or production costs.

Transformation

The process of changing or converting something from one form or state to another, often referring to industrial, business, or technological changes.

Economic Growth

The increase in a country's production of goods and services over time, indicative of a growing economy.

Technology

Implementing scientific insights for real-world applications, chiefly in the field of industry.