If Current Assets Amount to $150,total Assets $350,current Liabilities $65,and

question 31

Multiple Choice

If current assets amount to $150,total assets $350,current liabilities $65,and total liabilities $100,then the current ratio is

• A)2.12 to 1.
• B)2.31 to 1.
• C)3.03 to 1.
• D)3.50 to 1.

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Definitions:

Activity Rate

In cost accounting, the rate charged for a particular business activity, often used in activity-based costing to allocate costs to products or services.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing a more precise understanding of product or service costs.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to related products and services based on the activities that generate those costs.

Direct Labor-Hours

The total number of labor hours worked by employees who are directly involved in the manufacturing process.