Assume a Company Has a Current Ratio of 1

question 1

Multiple Choice

Assume a company has a current ratio of 1.5 and working capital equal to $25,000.If the company's current liabilities are equal to $50,000,its total current assets are:

• A) $7,500
• B) $25,000
• C) $75,000
• D) $37,500

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Definitions:

Cystic Fibrosis

A genetic disorder affecting the lungs and other organs, characterized by thick, sticky mucus that can block airways.

Carbon Monoxide Poisoning

A potentially fatal condition caused by inhaling carbon monoxide gas, leading to symptoms such as headache, dizziness, and nausea, due to reduced oxygen carrying capacity of blood.