Sports Ltd Reports the Following Information If Current Assets Represent 60% of Total Assets,Sports Ltd's Current

question 60

Multiple Choice

Sports Ltd reports the following information:
$$\begin{array} { l l } \text { Net profit } & \$ 30,000 \\\text { Total assets } & 950,000 \\\text { Current liabilities } & 285,000 \\\text { Deferred liabilities } & 405,000\end{array}$$
If current assets represent 60% of total assets,Sports Ltd's current ratio is:

• A) 150%.
• B) 67%.
• C) 200%.
• D) 50%.

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Definitions:

Neural Pathways

Networks of neurons in the nervous system that transmit signals between different parts of the body, crucial for the functioning of the brain and body.

Cerebral Cortex

The outer layer of the brain, responsible for complex mental processes such as thinking, decision-making, and language.

Right Hemisphere

The half of the brain that is typically associated with spatial abilities, facial recognition, and processing of music and art.

Aesthetic Responses

The reactions or feelings that individuals have in response to perceiving or experiencing beauty and art in their environments.