Our Harmony Lists Current Assets of $600,000 on Its Balance

question 52

Multiple Choice

Our Harmony lists current assets of $600,000 on its balance sheet.It lists current liabilities of 4288,000.Its current ratio is 2.08.This means:

• A) For every $1.00 of current assets it has $2.08 of current liabilities.
• B) For every $1.00 of buildings and equipment it has $2.08 of debt
• C) For every $1.00 of current liabilities it has $2.08 of current assets.
• D) For every $1.00 of accounts payable it has $2.08.

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Definitions:

Emergent Property

A characteristic of a system that does not appear in any of the system’s component parts.

Biological Species Concept

A definition of species as groups of interbreeding natural populations that are reproductively isolated from other such groups, emphasizing the role of sexual reproduction in maintaining species integrity.

Geographical Barriers

Natural formations or features that isolate ecosystems or populations, influencing the distribution and evolution of species.

Reproductive Behaviors

Actions or sequences of actions performed by animals or plants that directly relate to the production of offspring.