If Tommy's Subs Company Has a Current Ratio of 2

question 182

Multiple Choice

If Tommy's Subs Company has a current ratio of 2.5 and current assets of $195,000,the amount of working capital is

• A)$117,000.
• B)$330,000.
• C)$380,000.
• D)$78,000.

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Definitions:

Allocating Equipment

The process of distributing machinery, tools, or devices to areas or individuals where they are needed, based on an assessment of demand and available resources.

Construction Projects

Structured endeavors with a defined beginning and end, undertaken to create unique products, services, or results in the field of construction.

Single-use Plan

A strategy designed to address a specific, one-time issue or problem, not intended for repeated use.

Budget

An estimate of income and expenditure for a set period of time, often used as a plan for financial management and goal setting.