As a General Rule of Thumb,a Strong Current Ratio Is

question 175

Multiple Choice

As a general rule of thumb,a strong current ratio is:

• A)1.0 or higher.
• B).50 or higher.
• C)1.5 or higher.
• D)none of the above.

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Definitions:

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to ensure accuracy in the accounts.

Additional Accounts

Accounts that are created to track or manage specific financial transactions not covered by the standard set of accounts.

Worksheet

An accounting tool used for planning and preparing financial statements, often in the form of a spreadsheet.

Chart of Account Order

The systematic arrangement of accounts within a chart, typically organized by type and number.