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.

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Definitions:

Major Concessions

Significant compromises or allowances made during negotiations aiming to reach an agreement.

Quickly Toward

A phrase indicating rapid movement or progression in the direction of a particular goal, target, or outcome.

Face Saving

Actions or strategies designed to preserve one's reputation, esteem, or public image, often during or after a situation that could cause embarrassment or discredit.

Electrical Appliances

Devices operated by electricity designed to perform domestic tasks.