If Current Assets Amount to $62,000,total Assets $350,000,current Liabilities $31,000,and

question 67

Multiple Choice

If current assets amount to $62,000,total assets $350,000,current liabilities $31,000,and total liabilities $125,000,then the current ratio is

• A)0.5 to 1.
• B)2.0 to 1.
• C)2.8 to 1.
• D)3.0 to 1.

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Definitions:

Hourly Rate

The amount of money paid for one hour of work.

Expected Value

The predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence.

Salary Increase

The process of raising an employee's pay rate, typically as recognition for job performance, inflation adjustments, or promotion.

Probability

A quantitative assessment of an event's chances of happening, with values from 0 to 1 indicating the likelihood.