Mickey Corporation Has Total Current Assets Equal to $80,000 and Working

question 20

Multiple Choice

Mickey Corporation has total current assets equal to $80,000 and working capital of $20,000. Minnie Company has the same amount of working capital, but it has total current assets of $300,000. The company with the better current ratio:

• A)is Minnie Company.
• B)is Mickey Corporation.
• C)is the same for both companies.
• D)cannot be determined from the information given.

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Definitions:

Largest Bank

The bank with the highest level of assets or market capitalization within a particular geographic or regulatory jurisdiction.

Assets

Economic resources or valuable items owned by an individual or business, capable of being converted into cash or used to generate income.

Credit Cards

Financial tools issued by banks that allow users to borrow funds within a pre-approved limit for purchases or cash advances, with the expectation of repayment with interest.

Debit Cards

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.