A corporation reports the following year-end balance sheet data. The company';s current ratio equals:
A) 0.58
B) 1.27
C) 2.07
D) 0.37
E) 0.63
C) 2.07
Explanation: Current ratio equals current assets divided by current liabilities
($40,000 + $55,000 + $60,000) / $75,000 = 2.07
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There is a strong expectation among the general public for corporate policies that recognize the importance of ______.
a. the local community b. affirmative action c. ethnicity d. corporate social responsibility
Which is a true statement regarding the accounting equation?
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