The Following Contains Information from the Records of the Wellborn

question 150

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects. $\begin{array}{c}\text { Wellborn Engineers and Architects }\\\text { Selected Financial Information }\\\text { December 31,2017}\\\begin{array}{|l|r|}\hline \text { Current Assets } & \$ 90,000 \\\hline \text { Current Liabilities } & 30,000 \\\hline \text { Long-Term Assets } & 95,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 37,000\\\hline\end{array}\end{array}$ Calculate the current ratio.(Round your answer to two decimals. )

• A)1.46
• B)2.28
• C)0.64
• D)3.00

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Definitions:

Strip Bond

A type of bond where the principal and regular coupon payments have been separated and are sold individually.

Compounded Semiannually

Interest calculated twice a year on the initial principal and previously earned interest.

Investment Yield

The profits made from an investment during a specified timeframe, represented as a proportion of the original investment's value.

Maturity Date

The specified date on which the final payment of a loan, bond, or other financial instrument is due to be paid.