Long-Term Assets Are $5,000,current Liabilities Are $700,and Long-Term Liabilities Are

question 134

Multiple Choice

Long-term assets are $5,000,current liabilities are $700,and long-term liabilities are $3,000.If the current ratio is 3 to 1,then current assets are

• A)$9,000.
• B)$6,900.
• C)$4,300.
• D)$2,100.

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Definitions:

Network of Networks

A description often used for the internet, highlighting how it interconnects multiple independent networks globally.

Social Commerce

A subset of e-commerce that uses social networks to assist in marketing and purchasing products.

Server

A system or computer that offers programs, services, data, or resources to other computers, referred to as clients, across a network.

Client

In computing, a piece of hardware or software that accesses a service made available by a server.