Washington Corporation Has the Following Financial Data for 2011 and 2010

question 56

Multiple Choice

Washington Corporation has the following financial data for 2011 and 2010.

-What is Washington's current ratio for 2011?

• A)1.08
• B).79
• C)1.27
• D)1.50

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Definitions:

Lean Philosophy

A management approach focusing on minimizing waste and maximizing value in processes by considering customer value as the primary goal.

Necessary Buffer

A strategic reserve or margin of safety to mitigate risk or unforeseen circumstances, ensuring stability and continuity.

Inventory

The items or goods a business holds for the purpose of sale or production, including raw materials, work-in-progress, and finished goods.

Setup

An overhead activity that consists of changing tooling in machines in preparation for making a new product.