The Financial Statements of Trenton Office Supply Include the Following

question 3

Multiple Choice

The financial statements of Trenton Office Supply include the following items: $$\begin{array} { | l | r | r | } \hline & { 2019 } & { 2018 } \\\hline & & \\\hline \text { Cash } & \$ 51,500 & \$ 45,000 \\\hline \text { Short-term Investments } & 26,000 & 13,000 \\\hline \text { Net Accounts Receivable } & 94,000 & 100,000 \\\hline \text { Merchandise Inventory } & 135,000 & 126,000 \\\hline \text { Total Assets } & 534,000 & 550,000 \\\hline \text { Total Current Liabilities } & 260,000 & 235,000 \\\hline \text { Long-term Note Payable } & 57,000 & 50,000 \\\hline & & \\\hline\end{array}$$ What is the 2019 current ratio? (Round your answer to two decimal places.)

• A) 0.85
• B) 0.57
• C) 1.18
• D) 1.68

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Definitions:

Expressing

Involves the action of making one's thoughts, feelings, or ideas known to others through speech, writing, or another form of communication.

Negative Feelings

Emotional experiences that are unpleasant or undesirable, such as sadness, anger, frustration, and fear.

Loneliness

An emotional state characterized by feelings of isolation, sadness, and a perceived lack of meaningful social connections.

Married People

Refers to individuals who are legally united in marriage, forming a socially recognized partnership.