Current Assets Are $40,000 and Long-Term Assets Are $50,000

question 112

Multiple Choice

Current assets are $40,000 and long-term assets are $50,000. Total liabilities are $60,000, of which current liabilities are 50%. The current ratio is:

• A)1)33.
• B)1)50.
• C)3)00.
• D)9)00.

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Definitions:

DNA

Deoxyribonucleic acid, the hereditary material in humans and almost all other organisms which contains the instructions for development, functioning, growth, and reproduction.

Protein Molecules

Large biomolecules, or macromolecules, consisting of one or more long chains of amino acid residues, which perform a vast array of functions within organisms.

Chromosomes

Structures made of DNA and proteins found in the nucleus of cells, carrying genetic information in the form of genes.

Human Cell

The basic structural, functional, and biological unit of all known living organisms in the human body.