If a Retail Store Has a Current Ratio of 2

question 110

Multiple Choice

If a retail store has a current ratio of 2.5 and current assets of $195,000,the amount of working capital is:

• A)$ 78,000
• B)$380,000
• C)$330,000
• D)$117,000

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Definitions:

Positioning Strategy

A marketing strategy that aims to establish a brand or product in the minds of target customers, distinguishing it from competitors.

Customer Excellence Strategy

A business approach that focuses on providing outstanding customer service and value to achieve loyalty and superior customer satisfaction.

Locally Owned

Businesses that are owned, operated, and situated within a specific local community or area.

Value-based Marketing

A marketing approach that focuses on delivering products and services that provide superior value to customers, leading to strong brand loyalty and higher customer satisfaction.