A corporation reports the following year-end balance sheet data. The company's current ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.37
B. 0.58
C. 2.07
D. 0.63
E. 1.27
Answer: C
You might also like to view...
Answer the following statements true (T) or false (F)FASB lost a significant amount of independence from the SEC due to Sarbanes-Oxley’s passage.
FASB lost a significant amount of independence from the SEC due to Sarbanes-Oxley’s passage.
Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N OUnit sales price$7 $4 $6Unit variable costs 3 2 3Total fixed costs are $340,000. The break-even point in sales dollars for the current sales mix is (round to the nearest thousand):
A. $289,000. B. $400,000. C. $740,000. D. $629,000. E. $ 20,000.
Which of the following is an inappropriate interview question?
A. Have you ever worked under a different name? B. If hired, can you prove your age? C. What is your race? D. What is your address?
Antitrust laws apply to which of the following?
A) Agricultural co-operatives B) Professional football C) Professional baseball D) Labor unions E) All of the above