A Company Has a Current Ratio of 2

question 60

Multiple Choice

A company has a current ratio of 2.0 and current assets of $550,000.What is its current liabilities balance?

• A)2.0
• B)$275,000
• C)$550,000
• D)$1,100,000

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Definitions:

Algorithms

A set of rules or steps to solve a problem or perform a task, often used in computing for data processing and mathematical calculations.

Heuristics

Shortcut strategies or guidelines that suggest a solution to a problem but do not guarantee an answer.

Prototyping

The process of creating an early model or sample of a product to test concepts or feasibility before full-scale production.

Subgoaling

Breaking down a main goal into smaller, more manageable objectives as a means to facilitate achievement.