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:

Nonconformity

The refusal to conform to established customs, attitudes, or ideas, often manifesting as individualism or dissent.

Deindividuation

A psychological state where an individual loses self-awareness and personal responsibility in groups, often leading to disinhibited and impulsive behavior.

Mood Linkage

The phenomenon where individuals' emotional states become synchronized or influenced by the moods and emotions of those around them.

Prior Commitment

The psychological state or condition of being previously dedicated or bound to a particular belief, action, or course of behavior.