If a Retail Store Has a Current Ratio of 2

question 62

Multiple Choice

If a retail store has a current ratio of 2.5 and working capital of $117,000.What are the total of the current assets?

• A)$46,800
• B)$117,000
• C)$195,000
• D)$292,500

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Definitions:

Bidders

individuals or entities that offer a price for goods, services, or assets in auctions or competitive bidding scenarios.

Common-value Auction

A type of auction where the item being sold holds the same worth to every participant, however, the participants might possess varying levels of knowledge regarding the true value of the item.

Releasing Information

The act of making certain data or facts available to the public or specific groups.

Auctioneer

A person or company that conducts auctions by accepting bids and declaring goods sold.