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. )

• A)0.33.
• B)2.83.
• C)3.00.
• D)3.17.

---

Definitions:

Antabuse

A prescription medication used to help people who have a drinking problem control their desire to drink alcohol. The generic name is disulfiram.

Seasonal Affective Disorder

A type of depression that occurs at a certain time of the year, usually in winter, when there is less natural sunlight.

Bright Lights

Intense, vivid illumination often used for visibility, signaling, or decoration.

Severely Depressed

A term describing a critical or extreme state of depression, marked by intense symptoms that drastically affect one’s daily functioning.