If a Firm Has a Current Ratio of 2

question 110

Multiple Choice

If a firm has a current ratio of 2.5,it means that for every $2.50 in _____ it has $1.00 in

• A)current assets; current liabilities
• B)total assets; total liabilities
• C)current assets; total liabilities
• D)total assets; current liabilities

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Definitions:

Prejudice

A preconceived opinion or judgment about someone or something that is not based on reason or actual experience.

Acculturation

The process of adopting the cultural traits or social patterns of another group, often happening when different cultures come into direct contact.

Solomon Asch

A psychologist best known for his research on conformity, demonstrating how group pressure can persuade individuals to conform to an incorrect answer or viewpoint.

Conformity

The act of matching attitudes, beliefs, and behaviors to group norms or societal standards.