Dooley Company Had Current Assets of $1,552,current Liabilities of $1,413,total

question 9

Multiple Choice

Dooley Company had current assets of $1,552,current liabilities of $1,413,total assets of $1,742,and long-term liabilities of $1,210.If Dooley acquires inventory by executing a six-month note for $1,550,what is the new current ratio? (Round your final answer to two decimal places. )

• A)1.10
• B)1.05
• C)0.96
• D)2.20

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Definitions:

Personal Responsibility

The concept of recognizing and accepting one's role in cultivating their own success or failure, emphasizing accountability.

Rumination

The compulsive focused attention on the symptoms of one's distress, and on its possible causes and consequences, as opposed to its solutions.

Pessimistic Explanatory

A cognitive style where individuals tend to attribute negative events to stable, internal, and global factors.

Hopelessness

A feeling of despair and despondency, often accompanied by a belief that one's situation is impossible to improve.