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:

Limited Wants

The concept that the desires or needs of human beings are finite or restricted due to limited resources and time.

Tradeoff

A scenario in which one characteristic or element is forfeited in exchange for acquiring a different characteristic or element.

Efficiency

The extent to which time, effort, or cost is well used for the intended task or purpose, often with the goal of minimizing waste and maximizing output.

Equality

A state of being equal, especially in status, rights, and opportunities.