GTO Division Has $14,000 in Current Assets, $2,000 in Accounts

question 37

Multiple Choice

GTO Division has $14,000 in current assets, $2,000 in accounts payable, and $2,000 in unearned sales revenue. What is the division's current ratio?

• A)1.75
• B)2.25
• C)3.00
• D)3.50

---

Definitions:

Referent Power

An elusive power that is based on interpersonal attraction.

Individualistic

A trait or culture emphasizing the importance and value of the individual over the collective group.

Respected

Earning esteem or admiration from others due to qualities such as integrity, achievements, or fairness.

Zone of Indifference

A conceptual range within which individuals are indifferent to authority's decisions or directives, either accepting or obeying them without resistance.