Calculate the Current Ratio Using the Following Information: (Round Your

question 31

Multiple Choice

Calculate the current ratio using the following information: (Round your answer to two decimals. ) $$\begin{array} { l l } \text { Cash } & \$ 6,000 \\\text { Accounts Receivable } & 1,300 \\\text { Prepaid Rent } & 1,100 \\\text { Land } & 20,000 \\\text { Equipment } & 6,000 \\\text { Accumulated Depreciation } & 1,000 \\\text { Accounts Payable } & 5,000 \\\text { Salaries Payable } & 1,000 \\\text { Notes Payable-long term } & 8, 000\end{array}$$

• A)1.40
• B)1.68
• C)1.44
• D)1.22

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Definitions:

Carpal Tunnel Pressure

The pressure within the carpal tunnel, an anatomical compartment of the hand, potentially leading to carpal tunnel syndrome when increased.

Palmar Aponeurosis

A thick fibrous tissue layer in the palm of the hand that anchors the skin and helps in gripping.

Extensor Retinaculum

A fibrous band that binds the tendons of the extensor muscles of the wrist and ankle, preventing them from bowing during muscle contraction.

Flexor Retinaculum

A fibrous band of tissue that holds the tendons of the flexor muscles of the forearm near the wrist, preventing them from bowing outward.