Bathez Corp

question 29

Multiple Choice

Bathez Corp. has receivables of $334,227, inventory of $451,000, cash of $73,913, and accounts payables of $469,553. What is the firm's current ratio? Round your final answer to two decimal places.

• A) 1.83
• B) 0.73
• C) 1.67
• D) None of the above

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Definitions:

Administrative Expense

Expenses related to the general operation of a business, including salaries of non-sales personnel, rent, and utilities.

Net Sales

Net sales of a company, calculated by deducting returns, discounts, and allowances for damaged or missing products from its gross sales.

Unrealized Gain

Increases in the value of an asset that has not been sold, thus not yet generating actual cash income.

Available-For-Sale Securities

Securities that are held with the intent of selling them sometime in the future.