If Current Assets Are $90,000, Property and Equipment Is $120,000

question 48

Multiple Choice

If Current Assets are $90,000, Property and Equipment is $120,000, Current Liabilities are $24,000, and Long-Term Liabilities are $106,000, the current ratio is

• A)3.75 to 1.
• B)1.13 to 1.
• C)0.85 to 1.
• D)5 to 1.
• E)8.75 to 1.

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Definitions:

Recipient

An individual or entity that receives something from another source, such as a transfusion, donation, or award.

Letter Sent

The action of dispatching written correspondence to a specific recipient or address.

Travel Agencies

Businesses that specialize in arranging travel services and accommodations for individuals and groups.

Correspondence

The act of communicating by exchanging letters or emails.