Assume for Down Corporation That Current Assets Are $50,000 and Total

question 155

Multiple Choice

Assume for Down Corporation that current assets are $50,000 and total assets are $300,000.Current liabilities are $40,000 and total liabilities are $100,000.What is the current ratio?

• A) 0.80
• B) 3.00
• C) 1.25
• D) 0.50

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Definitions:

Milk Of Magnesia

A liquid medication, primarily used as an antacid and laxative, containing magnesium hydroxide.

Acid Base

Refers to the mechanisms the body uses to maintain its pH within the narrow range necessary for various bodily functions to operate optimally.

Nucleoplasm

The semi-fluid substance inside the nucleus of a cell, containing the chromatin and the nucleolus.

Semifluid Medium

A substance that has properties between solid and liquid states, often used in biological and chemical applications for cultures or reactions.