Assume a Company Has Working Capital Equal to $23,000 and Total

question 19

Multiple Choice

Assume a company has working capital equal to $23,000 and total current liabilities equal to $75,000. The current ratio:

• A)is 0.31.
• B)is 1.31.
• C)is 3.26.
• D)cannot be determined from this information.

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The practice of joining with others to buy goods or services in bulk to benefit from reduced prices or better terms.

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Online shopping that incorporates social media and user contributions to facilitate buying decisions.

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A specialized segment of the market for a particular kind of product or service.

Micromarket

A small, specific market segment characterized by its own unique needs, preferences, and identity.