Calculate the Current Ratio Using the Following Information: (Round Your

question 11

Multiple Choice

Calculate the current ratio using the following information: (Round your answer to two decimal places.) $$\begin{array} { l l } \text { Cash } & \$ 6,000 \\\text { Accounts Receivable } & 1,300 \\\text { Prepaid Rent } & 1,100 \\\text { Larid } & 20,000 \\\text { Equipment } & 4,000 \\\text { Accurnulated Depreciation } & 1,200 \\\text { Accounts Payable } & 3,000 \\\text { Salaries Payable } & 1,000 \\\text { Notes Payable-long term } & 9,000\end{array}$$

• A) 2.10
• B) 2.80
• C) 1.53
• D) 1.83

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Definitions:

Business Practices

Established methods, behaviors, and conduct that are followed in the day-to-day operations of a business.

Environmental Scanning

A repeated process to analyze the changes in the business environment that can impact an organization's strategies.

Demand Forecasting

The process of determining the organization's requirement for specific forms of human capital.

Influence Analysis

The examination of factors or individuals that have the power to affect outcomes or decisions within a particular context or system.