Calculate the Current Ratio Using the Following Information A) 23
B) 1

question 59

Multiple Choice

Calculate the current ratio using the following information:
$$\begin{array} { | l | l | } \hline \text { Cash } & \$ 7000 \\\hline \text { Accounts receivable } & 1400 \\\hline \text { Prepaid rent } & 800 \\\hline \text { Land } & 20,000 \\\hline \text { Equipment } & 6000 \\\hline \text { Accumulated depreciation } & 1200 \\\hline \text { Accounts payable } & 4000 \\\hline \text { Salaries payable } & 800 \\\hline \text { Loan payable, non-current } & 10,000 \\\hline\end{array}$$

• A) 2.3
• B) 1.92
• C) 1.32
• D) 1.75

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Definitions:

Private Keys

Cryptographic keys used in public-private key encryption schemes that are kept secret and used to decrypt information or digitally sign data.

B2B Payments

Transactions between businesses for the goods or services provided, as opposed to transactions involving consumers.

Electronic Version

A digital format of a document, book, or any piece of information, accessible through electronic devices.

Subscription Service

A pricing strategy where clients are charged a consistent fee periodically to use a product or service.