Brankov Company Has Current Assets of $105,000 and Current Liabilities

question 102

Multiple Choice

Brankov Company has current assets of $105,000 and current liabilities of $40,000.The company decides to issue stock and receives cash of $70,000.After this transaction,the company's current ratio will be:

• A)0.68.
• B)1.88.
• C)3.62.
• D)4.38.

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Definitions:

Tiers of Suppliers

Different levels within the supply chain, categorized based on their directness of relationship to the company, from raw material suppliers to finished goods producers.

Sustainability Performance

An evaluation of how well a company or product manages its responsibilities towards the environment, economy, and society for long-term sustainability.

Natural Environment

Constitutes the biological and physical surroundings in which any given living organism exists, including air, water, soil, and other organisms.

Social Practices

Refers to the habitual, widely accepted behaviors, norms, and routines that shape the daily activities and interactions of people within a society or community.