Team Shirts Has $240,000 in Total Current Assets and $190,000

question 83

Short Answer

Team Shirts has $240,000 in total current assets and $190,000 in total current liabilities.Calculate the current ratio for Team Shirts.Round your answer to one decimal place.

Comprehend the shift in media consumption patterns and the rise of digital media platforms.

Understand the purpose and impact of including bloggers and digital influencers in PR strategies.

Determine the most suitable media channels for disseminating specific types of information or promoting initiatives.

Grasp the significance of measuring PR efforts and the tools available for this purpose.

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Definitions:

Debt-to-equity Ratio

An indicator showing the comparative levels of shareholders' equity and debt utilized in the financing of a company's assets.

Times Interest

A financial ratio that measures a company's ability to meet its interest obligations, calculated by dividing earnings before interest and taxes (EBIT) by the interest expenses.

Equity Multiplier

A financial leverage ratio that measures the portion of a company’s assets that are financed by stockholders’ equity, indicating the level of debt used to finance assets.

Current Ratio

An indicator of a company's proficiency in paying off its short-term dues using the assets it currently possesses.