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:

Articulations

The point of contact between bones, or bones and cartilage, which allows for movement and flexibility in the skeletal system.

Ligaments

are bands of tough, elastic connective tissue that connect bones to other bones, stabilizing joints and supporting the body's structure.

Articulation

The physical joint between two bones, allowing for varying degrees of movement.

Condyle

A rounded protuberance at the end of some bones, forming an articulation with another bone.