The Following Contains Information from the Records of the Wellborn

question 63

Multiple Choice

The following contains information from the records of the Wellborn Engineers and Architects.
Wellborn Engineers and Architects
Selected financial information
31 December,2016
$$\begin{array} { | l | l | } \hline \text { Current assets } & \$ 70,000 \\\hline \text { Current liabilities } & 35,000 \\\hline \text { Non-current assets } & 99,000 \\\hline \text { Non-current liabilities } & 62,000 \\\hline \text { Total revenues } & 53,000 \\\hline \text { Total expenses } & 37,000 \\\hline\end{array}$$
Which of the following statements is an accurate interpretation of the current ratio of Wellborn Engineers and Architects?

• A) The company has $2.00 of current assets for every $1.00 of current liabilities.
• B) The company has $0.57 of current assets for every $1.00 of current liabilities.
• C) The company has $2.13 of current assets for every $1.00 of liabilities.
• D) The company has $1.60 of current assets for every $1.00 of liabilities.

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Definitions:

Explicit Knowledge

Knowledge that is easily articulated, codified, accessed, and verbalized, often in the form of documents or stored data.

Client's Situation

A comprehensive assessment of an individual's current circumstances, needs, and challenges, typically used in healthcare, social work, or counseling contexts.

Assessment

The systematic process of gathering and interpreting information to make informed decisions or appraise a situation, often used in healthcare to evaluate patient needs.

Building

The act or process of constructing structures such as houses, offices, or other architectural entities.