Jones Corp

question 86

Multiple Choice

Jones Corp.reported current assets of $193,000,current liabilities of $137,000,and total liabilities of $275,714 on its most recent balance sheet.The current ratio is:

• A)1.4 : 1.
• B)0.7 : 1.
• C)0.3 : 1.
• D)1 : 1.
• E)0.4 : 1.

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Definitions:

Estimates Icon

A visual symbol or button in software applications that allows users to create or access estimates for goods or services.

Company Preferences

Configurations or settings chosen by a business to customize how their software applications operate to best meet their organizational needs.

Bad Debt Expense

Bad debt expense represents the amount of receivables that a company cannot collect, considered a business expense.

Sales Tax

A government-imposed levy on the sale of goods and services, contributing to public revenue.