A Company Has Total Assets of $350,000 Consisting of Current

question 97

Multiple Choice

A company has total assets of $350,000 consisting of current assets of $115,000, property, plant, and equipment of $200,000, and other assets of $35,000. The company has total liabilities of $100,000 consisting of current liabilities of $65,000 and other liabilities of $35,000. What is the current ratio?

• A)3.50
• B)1.15
• C)1.77
• D)5.38

---

Definitions:

Deinstitutionalization

A policy or movement that involves releasing individuals with mental health conditions from psychiatric hospitals into community settings for treatment.

Homeless Individuals

People who lack stable and permanent housing, often living in shelters, on the streets, or in places not meant for human habitation.

Unconscious Psychological Processes

Mental processes below the level of conscious awareness that influence thoughts, feelings, and behaviors.

Psychoanalysis

A therapeutic approach founded by Sigmund Freud, focusing on unconscious motivations and conflicts as drivers of behavior and psychological issues.