A Company Has Current Assets of $80,000, Long-Term Assets of $150,000

question 146

Multiple Choice

A company has current assets of $80,000, long-term assets of $150,000, current liabilities of $60,000, and long-term liabilities of $40,000. The current ratio is:

• A) .80.
• B) 1.33.
• C) 2.00.
• D) 2.33.

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Definitions:

Invasive Species

Non-native organisms that spread widely and cause harm to the environment, economy, or health in a new area.

Primary Succession

A new community becomes established in an area where there was previously no soil.

Mosses And Lichens

These are diverse groups of non-vascular and composite organisms, respectively, that thrive in moist environments. Mosses are small, green, non-vascular plants, while lichens are symbiotic associations between fungi and photosynthetic algae or cyanobacteria.

Bare Rock

Exposed rock surfaces without soil or vegetation cover, often seen in extreme environments or as a result of land degradation.