Based on the Following Information from Schrute Company's Balance Sheet,calculate

question 444

Multiple Choice

Based on the following information from Schrute Company's balance sheet,calculate the current ratio.
$$\begin{array} { | l | r | } \hline \text { Current assets } & \$ 87,000 \\\hline \text { Investments } & 50,000 \\\hline \text { Plant assets } & 220,000 \\\hline \text { Current liabilities } & 39,000 \\\hline \text { Long-term liabilities } & 90,000 \\\hline \text { Retained earnings } & 228,000 \\\hline\end{array}$$

• A) .44.
• B) 3.51.
• C) 3.33.
• D) 1.06.
• E) 2.23.

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Definitions:

Delivery

The process of giving birth to a baby; it marks the culmination of pregnancy.

Electronic Fetal Monitor

A device used to monitor a fetus's heart rate and the mother's uterine contractions during pregnancy and childbirth.

Fetal Heartbeat

The cardiac activity of a fetus, often detectable by ultrasound around the 6th week of pregnancy.

Labor

The process of childbirth, especially the period from the start of contractions to delivery or in a broader sense, physical or mental exertion especially when difficult or exhausting.