Assume a Company Has a Current Ratio of 1

question 213

Multiple Choice

Assume a company has a current ratio of 1.5 and working capital equal to $25,000.Total current liabilities are equal to:

• A) $50,000
• B) $37,500
• C) $75,000
• D) $22,500

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Definitions:

Indian Customs

Traditional practices, rituals, and norms observed within Indian culture.

Virginia Company

An English joint-stock company chartered by King James I in 1606 to establish settlements in North America, notably founding Jamestown.

Jamestown

The first permanent English settlement in the Americas, founded in 1607 in present-day Virginia.

Settlement Strategy

A planned approach to establish and develop communities or territories, often involving policies, infrastructural development, and allocation of resources.