If a Company Has Current Assets of $15,000 and Current

question 72

True/False

If a company has current assets of $15,000 and current liabilities of $9,500, its current ratio is 1.6

---

Definitions:

Import

The purchase of goods or services from foreign producers, bringing them into one's home country.

Export

The sale of goods or services produced in one country to another country, contributing to a nation's gross domestic product.

Trucks

Heavy vehicles designed for transporting goods, often playing a critical role in logistics and supply chains.

Cars

Wheeled motor vehicles used primarily for transportation of people.