Astin Company Has Current Assets of $82,530, Total Assets of $242,050

question 17

Multiple Choice

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,120, and total liabilities of $205,300. Astin Company's current ratio is

• A) 1.95
• B) 1.18
• C) 1.14
• D) 1.42

---

Definitions:

Critical Period

A specific time in an organism's development when it is particularly sensitive to certain environmental stimuli or experiences, which can have long-lasting effects on its future behavior and development.

Short-Day Plant

A plant that flowers in response to lengthening nights; also called long-night plant. Compare with long-day, intermediate-day, and day-neutral plants.

Cucumber

A widely cultivated plant in the gourd family, Cucurbitaceae, known for its elongated green fruit typically consumed as a vegetable.

Short-Day Plant

A plant that flowers only when the period of daylight is shorter than a certain critical length, typically in late summer, autumn, or winter.