Refer to the Following Selected Financial Information from Frankle Corp

question 62

Multiple Choice

Refer to the following selected financial information from Frankle Corp. Compute the company's current ratio. $$\begin{array} { | l | r | } \hline & \\\hline \text { Current assets } & 306,450 \\\hline \text { Plant assets } & 388,000 \\\hline \text { Current Liabilities } & 107,800 \\\hline \text { Net sales } & 676,000 \\\hline \text { Net Income } & 75,000 \\\hline\end{array}$$

• A) 1.44.
• B) 3.60.
• C) 6.27.
• D) 6.44.
• E) 2.84.

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Definitions:

Encoder

In communication, the person or device that converts ideas or messages into a form that can be transmitted and understood by the receiver.

Sender

In communication, the individual or entity that initiates a message and transmits it to a receiver.

Receiver

Refers to the individual or entity that receives and interprets a message in the process of communication.

Shannon-Weaver

A model of communication introduced by Claude Shannon and Warren Weaver that emphasizes the technical process of transmitting information.