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:

Implicit Theories

Beliefs or assumptions that individuals hold about how certain traits or abilities can change over time; these often guide behavior and interpretations of oneself and others.

Achievement Domains

Relate to specific areas or fields where an individual can accomplish, succeed, or excel, such as academics, sports, or the arts.

S-R Association Theory

A psychological theory suggesting that behavior is a result of the association between stimuli (S) and responses (R) learned through conditioning.

Social Learning

The process of learning behaviors through the observation of others, essential in understanding how people acquire new behaviors.