If Current Assets Are $90,000 and Total Assets Are $270,000

question 47

Multiple Choice

If current assets are $90,000 and total assets are $270,000, what percentage of total assets are current assets?

• A) 3.5 percent
• B) 30 percent
• C) 25 percent
• D) 33 percent

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Definitions:

Tariffs

Taxes imposed by a government on imported goods, often used to protect domestic industries and regulate trade.

Trade Embargoes

Government-imposed restrictions on the exchange of goods and services with a particular country or group of countries.

USMCA

The United States-Mexico-Canada Agreement, a free trade agreement between these three countries that replaced NAFTA.

NAFTA

The North American Free Trade Agreement is a treaty between Canada, Mexico, and the United States that eliminated most tariffs on trade between these nations, aiming to increase economic integration.