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

question 21

Multiple Choice

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

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

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Definitions:

Response Sets

Response sets are patterns in survey or test responses that do not directly relate to the content being measured but to some aspect of the measurement process itself.

Simplicity

The quality of being easily understood or uncomplicated in nature, often sought in scientific explanations or models for clarity.

Response Set

A pattern of response to questions on a self-report measure that is not related to the content of the questions.

Simplicity

The quality of being easily understood or executed without unnecessary complexity; often valued in scientific theories and models for its elegance and efficiency.