What Would the Current Ratio Be If a Company Had

question 59

Multiple Choice

What would the current ratio be if a company had the following financial information: Current Assets, $150,000; Current Liabilities, $75,000; Total Assets $350,000. Round to one decimal places?

• A) 4.7
• B) 2
• C) 6.6
• D) None of the above

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Definitions:

Continuance Commitment

An individual’s psychological attachment to an organization based on the costs associated with leaving it, such as loss of benefits or the absence of equivalent job alternatives.

Time Investments

The allocation of time resources towards activities or goals expected to yield beneficial returns or outcomes.

Benefits Loss

The reduction or elimination of employee benefits, which can have financial and morale implications on individuals within an organization.

Attitude Change

The process of altering one's beliefs, feelings, or intended behaviors towards a person, object, or idea.