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Alpha Enterprise Has Total Current Assets of $2,000,000 and Total

question 243

Multiple Choice

Alpha Enterprise has total current assets of $2,000,000 and total current liabilities of $800,000.If the company collects $100,000 of its accounts receivable,while none of its other assets and liabilities change,its current ratio will ________.


Definitions:

Nineteenth Century

The period ranging from January 1, 1801, to December 31, 1900, marked by significant social, economic, and technological changes worldwide.

Internal Colonialism

The economic and political subjugation of the minority group within a country by the dominant group, leading to social inequalities.

Segregated School System

An education system where schools are divided based on racial, ethnic, or economic lines, leading to unequal opportunities and resources.

Colonized Peoples

Groups or communities that have been subjected to colonialism, where their territories and resources are dominated by a foreign power.

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