The Following Contains Information from the Records of the Becker

question 145

Multiple Choice

The following contains information from the records of the Becker Architecture Firm. $\begin{array}{c}\text {Becker Architecture Firm}\\\text { Selected Financial Information}\\\text {December 31,2019}\\\begin{array}{|l|r|}\hline \text { Current Assets } & \$ 90,000 \\\hline \text { Current Liabilities } & 30,000 \\\hline \text { Long-Term Assets } & 11,000 \\\hline \text { Long-Term Liabilities } & 65,000 \\\hline \text { Total Revenues } & 50,000 \\\hline \text { Total Expenses } & 34,000\\\hline \end{array}\end{array}$ Which of the following statements is an accurate interpretation of the current ratio of the Becker Architecture Firm? (Round your answer to two decimal places.)

• A) The company has $1.03 of current assets for every $1.00 of liabilities.
• B) The company has $3.00 of current assets for every $1.00 of current liabilities.
• C) The company has $0.17 of current assets for every $1.00 of liabilities.
• D) The company has $0.64 of current assets for every $1.00 of current liabilities.

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Definitions:

Black Power

A movement among African Americans focusing on racial pride, economic empowerment, and the establishment of political and cultural institutions.

Stokely Carmichael

was a prominent figure in the American civil rights movement, known for his leadership in the Student Nonviolent Coordinating Committee (SNCC) and for popularizing the term "Black Power."

War on Poverty

refers to a set of government policies and programs, initiated by President Lyndon B. Johnson in the 1960s, aimed at reducing poverty in the United States.

Female-Headed Households

Households that are led by women, which can include single mothers, widows, or women who are primary caregivers and decision-makers in the absence of a male counterpart.