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.

---

Definitions:

Market Entry Strategies

Approaches employed by companies to enter new markets, including export, joint venture, franchising, and direct investment.

Neutral Versus Affective

A distinction in communication styles or cultural norms, where 'neutral' implies limited outward emotional expression, and 'affective' involves expressive communication and behavior.

Trompenaars

Trompenaars is known for his work in the field of cross-cultural management and intercultural communication.

Objectivity

The state or quality of being true, unbiased, and not influenced by personal feelings or opinions in considering and representing facts.