Swan Song's Adjusted Trial Balance as of December 31, 2014

question 55

Multiple Choice

Swan Song's adjusted trial balance as of December 31, 2014 is given below: Compute the current ratio.

• A)2.07
• B)1.83
• C)1.64
• D)2.54

---

Definitions:

Consumption Function

As income rises, consumption rises, but not as quickly.

John Maynard Keynes

A British economist whose theories on government intervention in economies (Keynesian economics) have greatly influenced modern macroeconomic policies, particularly regarding the use of fiscal and monetary measures.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critique of capitalism and the development of Marxist theory.

Milton Friedman

An influential American economist and Nobel laureate known for his strong belief in free-market capitalism and minimal government intervention.