Which of the Following Statements About the Current Ratio Is

question 206

Multiple Choice

Which of the following statements about the current ratio is most appropriate?

• A) A current ratio less than 1.0 is always unacceptable.
• B) A current ratio greater than 2.0 is normal.
• C) The determination of whether a current ratio is acceptable is best made by reference to industry norms.
• D) A current ratio greater than 1.0 is always acceptable.

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Definitions:

Dioecious

A term describing plant or animal species where individuals are distinctly male or female, requiring members of both sexes for reproduction.

Flowering Plants

Plants that belong to the group Angiosperms, characterized by producing flowers for reproduction and fruits containing seeds.

Fossil Record

The collection of physical and geological evidence of organisms that lived in the past, preserved in the Earth's crust.

Cretaceous Period

A division of Earth’s history lasting from about 145 to 66 million years ago, marked by the dominance of dinosaurs and the appearance of flowering plants.