A Company Has Current Assets of $105,000 and Current Liabilities

question 27

Multiple Choice

A company has current assets of $105,000 and current liabilities of $35,000.It made a $5,000 sale on account.After this transaction,its current ratio will be:

• A)0.33.
• B)1.14.
• C)3.00.
• D)3.14.

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Definitions:

Sterilization

A medical or surgical procedure used to permanently prevent reproduction, often by removing or blocking reproductive organs or pathways.

Mental Disorders

Psychological conditions characterized by significant disturbances in thought, emotion, or behavior.

General Paresis

An irreversible medical disorder whose symptoms include psychological abnormalities, such as delusions of grandeur; caused by syphilis.

Emil Kraepelin

A German psychiatrist known for his contributions to the classification of mental disorders and is often considered the founder of modern scientific psychiatry.