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:

Advanced

Refers to a level or stage that is beyond the basic, often involving sophisticated techniques or complex understanding.

File System

The method and data structure that an operating system uses to keep track of files on a disk or partition; the system by which files are named, stored, and organized.

Format

A command that prepares a disk for use.

Hard Drive

A data storage device that uses magnetic storage to store and retrieve digital information using one or more rigid rapidly rotating disks (platters) coated with magnetic material.