The Following Information Is Available for Potter Company What Is the Current Ratio?
A) 0

question 113

Multiple Choice

The following information is available for Potter Company:
$\begin{array}{ll}\text { Total Current Assets } & \$ 356,000 \\\text { Total Current Liabilities } & \$ 203,000\\\text { Total Assets }&\$1,000,000\\\text { Total Liabilities } & \$ 500,000 \\\text { Cash } & \$ 100,000\end{array}$
What is the current ratio?

• A) 0.76
• B) 1.75
• C) 2.05
• D) 2.51

---

Definitions:

Auditory Neurons

Nerve cells involved in the process of hearing, transmitting sound information from the ear to the brain.

Invasive

Describes species that spread into habitats where they are not native, often causing harm to the environment, economy, or human health.

Technology

The application of scientific knowledge for practical purposes, especially in industry and our daily lives.

Cochlear Implants

Cochlear implants are medical devices that bypass damaged structures in the inner ear and directly stimulate the auditory nerve, allowing individuals with profound hearing loss to perceive sound.