A Firm Has $12 Million in Current Assets,of Which $8

question 60

True/False

A firm has $12 million in current assets,of which $8 million is inventory.If the company has $4 million in current liabilities,then its current ratio equals 1.0.

---

Definitions:

Taijinkyofu-sho

A culturally specific syndrome in Japan characterized by an intense fear of offending others through one's body odor or appearance.

Interpersonal Relations

The social connections and interactions among individuals, including how they think, feel, and behave towards one another.

Persistent Fear

An enduring, often irrational sense of dread or apprehension about a specific object, situation, or activity that can significantly impact daily functioning.

Taijinkyofusho

A Japanese culture-specific syndrome characterized by an intense fear that one's body, body parts, or bodily functions are displeasing, embarrassing, or offensive to other people.