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:

Control Variable

In experimental research, a variable that is kept constant to test the relative impact of an independent variable on a dependent variable.

Immigrant Status

The legal condition of a person who has come to live permanently in a country where they were not born, often impacting their rights and obligations.

Canadian-Born

Individuals who were born in Canada, regardless of their parents' nationality.

Sampling Frame

A list or database from which a representative sample is drawn for the purpose of conducting research.