Long-Term Assets Are $800,current Liabilities Are $500,and Long-Term Liabilities Are

question 96

Multiple Choice

Long-term assets are $800,current liabilities are $500,and long-term liabilities are $600.If the current ratio is 2.5 to 1,then current assets are

• A)$200.
• B)$625.
• C)$1,250.
• D)$2,000.

---

Definitions:

Entrepreneur's Potential Earnings

The forecasted income an entrepreneur can expect from their business venture, taking into account risks and opportunities.

Annual Lease

A contract for the rental of property, typically real estate, that lasts for one year.

Payments to Workers

Payments to workers include salaries, wages, benefits, and other compensation provided to employees in exchange for their labor.

Entrepreneur's Forgone Interest

The potential interest income an entrepreneur sacrifices by investing their own money into their business instead of depositing it for interest.