Jones Corp

question 55

Multiple Choice

Jones Corp.reported current assets of $193,000 and current liabilities of $137,000 on its most recent balance sheet.The current ratio is:

• A)1.4:1.
• B)0.7:1.
• C)0.3:1.
• D)1:1.
• E)0.4:1.

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Definitions:

Indicated Operations

The mathematical operations that are suggested or required to solve a problem, based on the symbols and terms presented.

Multiply

An arithmetic operation that combines two numbers to get a product.

Right Angles

Angles that exactly equal 90 degrees, forming a perfect L shape.

Multiply

The process of finding the product when two or more numbers are taken together.