Financial Statements for March Company Appear Below -March Company's Current Ratio at the End of Year 2

question 145

Multiple Choice

Financial statements for March Company appear below:

$\begin{array}{|l|r|}\hline&\begin{array}{r}\text { March Company } \\\text { Income Statement }\\\text { For the Year Ended December 31, Year } \\2 \\\text { (dollars in thousands) } \\\end{array} \\\hline \text { Sales (All on Account) } & \$ 1610 \\\hline \text { Costs of Goods Sold } & \$ 1120 \\\hline \text { Gross Margin } & \$ 490 \\\hline \text { Operating Expenses } & \$ 190 \\\hline \text { Net Operating Income } & \$ 300 \\\hline \text { Interest Expense } & \$ 50 \\\hline \text { Net Income before Taxes } & \$ 250 \\\hline \text { Income Taxes (30\%) } & \$ 75 \\\hline \text { Net Income } & \$ 175 \\\hline\end{array}$
-March Company's current ratio at the end of Year 2 was closest to which of the following?

• A) 0.47 to 1.
• B) 0.49 to 1.
• C) 1.27 to 1.
• D) 1.45 to 1.

Understand the principles of the "list" electoral system and the opposition to its adoption in Canada.

Understand different sleep disorders and their characteristics.

Comprehend the theories and stages of sleep.

Describe the psychological and physiological effects of sleep.

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Definitions:

Müller-Lyer Illusion

A visual illusion in which two lines of the same length appear to be of different lengths because of the orientation of arrow-like tails at their ends.

Segall

Segall may refer to a researcher or figure in psychology or anthropology, possibly related to studies on cultural differences in perception and cognition, without specific context provided it is unclear.

Cultural Relative

The concept that beliefs, values, norms, and practices are understood and should be evaluated within their own cultural context rather than judged against another standard.

Cognitive Process

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.