If the Current Ratio Is 3

question 188

Multiple Choice

If the current ratio is 3.2, and the current liabilities are $110,000, what is the amount of current assets?

• A) $34,375
• B) $176,000
• C) $320,000
• D) $352,000

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Definitions:

Events

Occurrences or happenings, often of significance and usually discrete, that can be observed and recorded.

Continuous Random Variable

A type of random variable that can take an infinite number of values within a given range.

Outcomes

The possible results or consequences of an experiment or situation.

Intervals

In mathematics and statistics, a range between two numbers or quantities, indicating their difference or the period between two points in time.