Please Refer to the Following Information and Compute the Current

question 52

Multiple Choice

Please refer to the following information and compute the current ratio: $$\begin{array} { | l | r | r | } \hline & { \text { Debit } } &{ \text { Credit } } \\\hline \text { Cash } & \$ 4,500 & \\\hline \text { Accounts receivable } & 1,200 & \\\hline \text { Prepaid rent } & 700 & \\\hline \text { Land } & 20,000 & \\\hline \text { Equipment } & 4,000 & \\\hline \text { Accumulated depreciation } & & \$ 800 \\\hline \text { Accounts payable } & & 2,900 \\\hline \text { Salary payable } & & 600 \\\hline \text { Notes payable-long term } & & 9,000 \\\hline\end{array}$$

• A) 1.83
• B) 0.55
• C) 0.51
• D) 0.42

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Definitions:

Psychological Skills

Mental abilities and techniques that enhance performance, coping, and overall well-being, such as stress management, visualization, and mindfulness.

Motivating

The act of stimulating interest or enthusiasm in someone to inspire them to take action or continue performing a task.

Critical Reflection

The process of critically examining and evaluating one's beliefs, decisions, and actions in order to learn from them and improve future practice.

Metacognitive Skills

The ability to understand, analyze, and regulate one's own learning and thinking processes.