The Current Ratio Is Calculated by

question 12

Multiple Choice

The current ratio is calculated by

• A) dividing current assets by current liabilities.
• B) dividing current liabilities by current assets.
• C) dividing total assets by total current assets.
• D) dividing current assets by total assets.

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Definitions:

Fair Labor Standards Act

A U.S. law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.

Immigration Reform

The process of changing existing laws and policies to improve the management and regulation of immigration.

Civil Rights Act

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin, predominantly known for the 1964 act.

Discrimination

Unfair treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation instead of individual merit.