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A Company Has Current Assets of $105,000 and Current Liabilities

question 87

Multiple Choice

A company has current assets of $105,000 and current liabilities of $35,000.A $6,000 sale on account was made.After this transaction,its current ratio will be: (Round your final answer to two decimal places. )

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Definitions:

Non-Experimental Research

Studies where researchers observe phenomena without manipulating any variables, often used in social sciences.

Non-Experimental Methods

Research techniques that do not involve the manipulation of variables, often used to study associations between variables rather than causal relationships.

Archival Research

Non-experimental method involving the assembly of data, or reports of data, collected by others.

Case Studies

Detailed examinations of a single subject or entity, often used in psychology, sociology, and business to analyze complex issues or dynamics.

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