A Company Has $45,600 in Current Assets; $111,320 in Total

question 19

Multiple Choice

A company has $45,600 in Current assets; $111,320 in Total assets; $67,500 in Current liabilities and $188,400 in Total liabilities.The company has a current ratio of:

• A) 0.68.
• B) 1.48.
• C) 0.24.
• D) 0.59.

---

Definitions:

Lowell

A city in Massachusetts known for its significant role in the American Industrial Revolution, especially in textile manufacturing.

Slater

Samuel Slater, often known as the "Father of the American Industrial Revolution" for introducing British textile manufacturing technology to America.

Presidential Election

The process by which a country selects its head of state, in nations with a presidential system, typically involving a direct or indirect vote by the citizenry.

Electoral Votes

The votes cast by members of the Electoral College, which formally elect the president and vice president of the United States.