Current Assets Minus Current Liabilities Is Equal To

question 180

Multiple Choice

Current assets minus current liabilities is equal to:

• A)Profit margin.
• B)Financial leverage.
• C)Current ratio.
• D)Working capital.
• E)Quick assets.

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Definitions:

Prohibited By Statute

Actions or practices that are explicitly disallowed by written laws.

Unenforceable

A term describing a contract or clause that cannot be legally upheld or compelled by a court.

Unlicensed Contractor

An individual or company that performs trade or service work without the necessary legal authorization or permits.

Enforceable

Describes a legal agreement or contract that can be upheld or compelled by law or by a court.