A Current Ratio of 2

question 99

Multiple Choice

A current ratio of 2.00 indicates that the company has $2 of:

• A)current liabilities for every $1 of current assets.
• B)total assets for every $1 of current liabilities.
• C)current assets for every $1 of current liabilities.
• D)total assets for every $1 of current assets.

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Definitions:

Service Learning

A form of education that promotes social responsibility and service to the community.

Social Responsibility

The ethical framework suggesting that an individual or organization has an obligation to act for the benefit of society at large.

Compound

A substance formed when two or more chemical elements are chemically bonded together.