The Following Contains Information from the Records of the Wellborn

question 89

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects. Wellborn Engineers and Architects
Selected Financial Information
December 31,2013
$\begin{array}{|l|r|}\hline\text { Current assets } & \$ 74,000 \\\hline \text { Current liabilities } & 44,000 \\\hline \text { Long-term assets } & 95,000 \\\hline \text { Long-term liabilities } & 60,000 \\\hline \text { Total revenues } & 50,000 \\\hline \text { Total expenses } & 30,000\\\hline\end{array}$ What is the current ratio?

• A) 1.58
• B) 2.32
• C) 0.59
• D) 1.68

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Definitions:

Fact Finder

Third party to collective bargaining who reports the reasons for a dispute, the views and arguments of both sides, and possibly a recommended settlement, which the parties may decline.

Work Stoppage

An industrial action in which employees refuse to work as a form of protest, typically to gain concessions from their employer.

Employer-Established System

A framework or set of procedures created by employers to standardize operations, manage employee relations, and ensure regulatory compliance within an organization.

NLRA

The National Labor Relations Act (NLRA) is a foundational statute in United States labor law which guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action, including strikes.