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:

LTL Carrier

An LTL (Less Than Truckload) carrier transports small freight shipments that do not require the full space of a truck.

Package Carrier

A company or service that specializes in the shipping and delivery of parcels and packages.

Private Fleet

A fleet of vehicles owned and operated by a company for the transport of its own goods, rather than relying on external transportation services.

Transportation Network

The infrastructure, policies, and logistic planning needed to coordinate the movement of goods and services from origin to consumption.