A Company Has $120,000 in Current Assets; $550,000 in Total

question 164

Multiple Choice

A company has $120,000 in current assets; $550,000 in total assets; $90,000 in current liabilities,and $110,000 in total liabilities.Calculate the current ratio of the company.(Round your answer to two decimal places.)

• A) 1.33
• B) 1.72
• C) 1.75
• D) 1.09

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Definitions:

Department Heads

Individuals responsible for overseeing specific departments within an organization, ensuring their team's performance aligns with company goals.

Communication Networks

A framework for how messages are transmitted and received within an organization, encompassing various modes and channels of communication.

Formal

Pertaining to or following established rules, procedures, or conventions, often in an institutional or official context.

Informal

Characterized by a relaxed, unofficial, or casual manner, not bound by formal rules, procedures, or etiquette.