A Company Has $100,000 in Current Assets;$600,000 in Total Assets;$80,000

question 32

Multiple Choice

A company has $100,000 in current assets;$600,000 in total assets;$80,000 in current liabilities,and $120,000 in total liabilities.Calculate the current ratio of the company.(Round your answer to two decimals. )

• A)1.25
• B)2.00
• C)1.80
• D)0.83

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Definitions:

Frequency Distribution

A tabular summary of data showing the number (frequency) of observations in each of several nonoverlapping categories or classes.

Interstate Highway

A network of controlled-access highways that form part of the National Highway System in the United States, designed for high-speed vehicular traffic.

Closing Stock Price

The closing price of a stock on a stock exchange at the end of a trading session.

Mode

The most commonly occurring value in a set of data.