The Current Ratio at Year-End (Rounded to the Nearest Tenth)

question 141

Multiple Choice

The current ratio at year-end (rounded to the nearest tenth) is:

• A) 2.3 to 1.
• B) 6 to 1.
• C) 3.5 to 1.
• D) Some other answer.

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Definitions:

Utility

Refers to the total satisfaction received from consuming a good or service.

Consuming

The act of using goods and services to satisfy needs or wants.

Maximizing Utility

The process of choosing the most satisfying option among available choices based on preferences and constraints.

Marginal Utility

The augmented utility or contentment a person obtains by consuming an extra unit of a good or service.