A Company Has Current Assets of $45,000, Current Liabilities of $30,000

question 2

Multiple Choice

A company has current assets of $45,000, current liabilities of $30,000, and total liabilities of $55,000. The current ratio is:

• A)1)22.
• B)1)36.
• C)1)50.
• D)0)66.

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Definitions:

Personal Integrity

embodies adherence to moral and ethical principles, ensuring honesty, fairness, and consistency in one's actions and decisions.

Espoused Values

The explicitly stated values and norms that are preferred or professed by an organization or individual, which may or may not be reflected in actual behavior.

Kohlberg

Refers to Lawrence Kohlberg, an American psychologist best known for his theory of stages of moral development.

Moral Development

The process through which individuals develop an understanding of right and wrong and establish personal values.