question 33
Multiple Choice
Following are the financial statements for Starman Corporation for the year ended December 31,20xx.Assume that all balance sheet amounts represent both average and ending figures. Starman Corporation Balance Sheet December 31,20xx Cash Marketable securities Accounts receivable Inventory Long-term receivables Property, plant, and equipment Total assets Current liabilities Long-term liabilities Stockholders’ equity Total liabilities and stockholders’ equity Assets Liabilities and Stockholders’ Equity $20,00030,00050,000100,00035,00065,000$300,000$100,00060,000140,000$300,000
Starman Corporation Balance Sheet December 31,20xx Cash Marketable securities Accounts receivable Inventory Long-term receivables Property, plant, and equipment Total assets Current liabilities Long-term liabilities Stockholders’ equity Total liabilities and stockholders’ equity Assets Liabilities and Stockholders’ Equity $20,00030,00050,000100,00035,00065,000$300,000$100,00060,000140,000$300,000
What is the current ratio for this corporation? Round your answer to two decimal places.
Definitions:
Selective Perception
The tendency to select information that supports our individual viewpoints while discounting information that threatens our viewpoints.
Social Perception
The process by which individuals form impressions of others and interpret information about them.
Pygmalion Effect
A psychological phenomenon where higher expectations lead to an increase in performance; a form of self-fulfilling prophecy within educational and organizational contexts.
Jungian Psychological Types
A theory by Carl Jung that categorizes individuals into personality types based on their preferences in perception and judgment.