A Corporation Reports the Following Year-End Balance Sheet Data A) 058
B) 1

question 235

Multiple Choice

A corporation reports the following year-end balance sheet data. The company's current ratio equals: $\begin{array}{lrrr}\text { Cash } & \$ 40,000 & \text { Current liabilities } & \$ 5,000 \\\text { Accounts receivable } & 55,000 & \text { Long-term liabilities } & 35,000 \\\text { Inventory } & 60,000 & \text { Common stock } & 100,000 \\\text { Equipment } & 145,000 & \text { Retained earnings } & 90,000 \\\text { Total assets } & \$ 300,000 & \text { Total liabilities and equity } & \$ 300,000 \\\end{array}$

• A) 0.58
• B) 1.27
• C) 2.07
• D) 0.37
• E) 0.63

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Definitions:

Media Promotion

The use of various media channels, such as TV, radio, the internet, and social media, to advertise and promote a product, service, or brand to a wide audience.

Functionally Different

Describes products, services, or roles that serve different purposes or functions, catering to various needs or preferences.

Different Distribution

The process or strategy of using various distribution channels to move products from producers to end consumers, tailored to meet distinct market demands or preferences.

Continuous Innovation

The ongoing process of making regular, incremental improvements or updates to products, services, or processes to maintain competitiveness and meet evolving customer needs.