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

question 27

Multiple Choice

A company has current assets of $105,000 and current liabilities of $35,000.It made a $5,000 sale on account.After this transaction,its current ratio will be:

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Definitions:

Thoracic Nerves

Nerves that are associated with the thorax, contributing to the motor and sensory innervation of the chest, upper back, and abdominal wall muscles.

Lumbar Nerves

A group of spinal nerves emanating from the lumbar region of the backbone, involved in movement and sensation in the lower parts of the body.

Spinal Cord

The main pathway for the transmission of information between the brain and the rest of the body, enclosed within the vertebral column.

Long-lasting Effect

A durable impact or outcome that remains over a long period of time, often beyond the expected or typical duration.

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