A Company Has $130,000 in Current Assets; $500,000 in Total

question 33

Multiple Choice

A company has $130,000 in current assets; $500,000 in total assets; $90,000 in current liabilities, and $110,000 in total liabilities. The company has a current ratio of:

• A)1.44.
• B)1.48.
• C)1.73.
• D)1.18.

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Definitions:

Vestibule

An entrance hall or other open area in a building used by the public, particularly the space at the entrance to a structure.

Organ of Corti

The Organ of Corti is the sensory organ located within the cochlea of the inner ear, responsible for converting sound vibrations into neural signals.

Decibels

A unit of measurement for the intensity of sound, representing the ratio of a sound pressure level to a reference level.

Hearing Loss

A complete or partial loss of the ability to perceive sound in either one or both ears.