Calculate the Current Ratio from the Following Information: Sales =

question 83

Multiple Choice

Calculate the current ratio from the following information: Sales = $14,000
Bills receivable = $100,000
Cash in hand = $40,000
Current liabilities = $50,000
Inventories = $40,000
Net Income = $5,600

• A) 8:5
• B) 3.6:1
• C) 0.4:1
• D) 3:5
• E) 2:3

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Definitions:

Organizing

The act of arranging or structuring elements in a systematic way for efficiency and order.

Retrospective Sense Making

Weick’s view of how people construct rational accounts of organizational behavior after the fact—“how do I know what I think until I see what I say?”

Rational Accounts

Explanations or narratives provided to justify actions or decisions based on reason, logic, and rationality.

Organizing Process

The series of actions and steps taken to structure or arrange resources and activities towards achieving certain goals or objectives.