If a Retail Store Has a Current Ratio of 2

question 62

Multiple Choice

If a retail store has a current ratio of 2.5 and working capital of $117,000.What are the total of the current assets?

• A)$46,800
• B)$117,000
• C)$195,000
• D)$292,500

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Definitions:

Object Permanence

The concept that things continue to exist even when they are not visible.

Sensorimotor Stage

The first of Jean Piaget's stages of cognitive development, where infants learn about the world around them through their senses and motor activities.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, touched, smelled, or sensed in any way.

Theory of Mind

The capacity to recognize and understand one's own and others' mental states, such as beliefs, intentions, desires, and emotions, realizing that others may have perspectives and thoughts distinct from our own.