The "Current Ratio" of a Company Is the Value of Its

question 36

Short Answer

The "current ratio" of a company is the value of its current assets divided by its current liabilities.A company has a current ratio of 2.5 and current liabilities of $80,000.what are its current assets?

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Definitions:

Companion Cells

Plant cells that are intimately associated with sieve tube elements in the phloem and help in the transport of substances essential for the plant's metabolism.

Phloem

The vascular tissue in plants responsible for transporting sugars, proteins, and other solutes throughout the plant.

Collenchyma

A type of plant tissue composed of elongated cells with thickened cell walls that provide structure and support, especially in areas of new growth.

Sclerenchyma

A type of plant tissue known for its thick, lignified cell walls, which provide structural support.