If the Current Ratio Is Equal to Four and We

question 9

Multiple Choice

If the current ratio is equal to four and we double the current liabilities and half the current assets,what will the new current ratio equal?

• A) 1
• B) 2
• C) 8
• D) 16

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Definitions:

Allergy Symptoms

Physical reactions or conditions that arise as an immune response to substances that are typically harmless to most people, such as pollen, food, or pet dander.

Product Life Cycle

The cycle through which every product goes through from introduction to withdrawal or eventual demise.

Discounts

Reductions to the selling price of goods or services offered by a business to stimulate sales or reward customers.

Loyal Buyers

Consumers who repeatedly purchase the same brand or product, demonstrating fidelity and consistent preference over time.